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GM Financial Receivables and Transactions (Tables) - GM Financial
 12 Months Ended
Dec. 31, 2023
Finance Receivables [Line Items]  
GM Financial Receivables
December 31, 2023December 31, 2022
RetailCommercial(a)TotalRetailCommercial(a)Total
GM Financial receivables$72,729 $13,734 $86,463 $65,322 $10,988 $76,310 
Less: allowance for loan losses(2,308)(36)(2,344)(2,062)(34)(2,096)
GM Financial receivables, net$70,421 $13,698 $84,119 $63,260 $10,954 $74,214 
Fair value of GM Financial receivables utilizing Level 2 inputs$13,698 $10,954 
Fair value of GM Financial receivables utilizing Level 3 inputs$70,911 $62,150 
__________
(a)Commercial finance receivables include dealer financing of $13.3 billion and $10.6 billion, and other financing of $476 million and $362 million at December 31, 2023 and 2022. Commercial finance receivables are presented net of dealer cash management balances of $2.6 billion and $1.9 billion at December 31, 2023 and 2022. 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
Years Ended December 31,
202320222021
Allowance for loan losses at beginning of period$2,096 $1,886 $1,978 
Provision for loan losses826 654 248 
Charge-offs(1,423)(1,138)(897)
Recoveries768 686 574 
Effect of foreign currency76 9 (17)
Allowance for loan losses at end of period$2,344 $2,096 $1,886 

The allowance for loan losses as a percentage of finance receivables was 2.7% at December 31, 2023 and 2022.
Intercompany Transactions The following tables show transactions between our Automotive segments and GM Financial. These amounts are presented in GM Financial's consolidated balance sheets and statements of income.
December 31, 2023December 31, 2022
Consolidated Balance Sheets(a)
Commercial finance receivables, net due from GM consolidated dealers$164 $187 
Receivables due from Cruise$353 $113 
Subvention receivable(b)$508 $469 
Commercial loan funding payable$55 $105 
Years Ended December 31,
202320222021
Consolidated Statements of Income
Interest subvention earned on finance receivables$1,234 $984 $820 
Leased vehicle subvention earned$1,537 $1,916 $2,702 
__________
(a)All balance sheet amounts are eliminated upon consolidation.
(b)Our Automotive segments made cash payments to GM Financial for subvention of $3.5 billion, $2.4 billion and $3.3 billion in the years ended December 31, 2023, 2022 and 2021.
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 December 31, 2023 and 2022:
Year of OriginationDecember 31, 2023
20232022202120202019PriorTotalPercent
Prime – FICO score 680 and greater$23,940 $15,581 $9,039 $4,926 $1,076 $320 $54,882 75.5 %
Near-prime – FICO score 620 to 6793,234 2,281 1,746 906 350 129 8,647 11.9 %
Sub-prime – FICO score less than 6203,079 2,397 1,884 1,010 573 257 9,200 12.6 %
Retail finance receivables, net of fees$30,253 $20,259 $12,670 $6,842 $2,000 $707 $72,729 100.0 %
Year of OriginationDecember 31, 2022
20222021202020192018PriorTotalPercent
Prime – FICO score 680 and greater$22,677 $13,399 $7,991 $2,254 $1,019 $205 $47,543 72.8 %
Near-prime – FICO score 620 to 6793,202 2,601 1,487 688 310 104 8,392 12.8 %
Sub-prime – FICO score less than 6203,211 2,746 1,604 1,051 496 280 9,388 14.4 %
Retail finance receivables, net of fees$29,090 $18,745 $11,081 $3,992 $1,824 $589 $65,322 100.0 %
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 December 31, 2023 and 2022:
Year of OriginationDecember 31, 2023
20232022202120202019PriorTotalPercent
0-to-30 days$29,816 $19,602 $12,098 $6,533 $1,825 $599 $70,472 96.9 %
31-to-60 days318 470 415 227 130 78 1,637 2.3 %
Greater-than-60 days102 168 142 76 42 29 559 0.8 %
Finance receivables more than 30 days delinquent421 637 557 302 172 107 2,196 3.0 %
In repossession17 20 14 6 3 1 61 0.1 %
Finance receivables more than 30 days delinquent or in repossession437 657 572 308 175 108 2,257 3.1 %
Retail finance receivables, net of fees$30,253 $20,259 $12,670 $6,842 $2,000 $707 $72,729 100.0 %

Year of OriginationDecember 31, 2022
20222021202020192018PriorTotalPercent
0-to-30 days$28,676 $18,128 $10,702 $3,743 $1,685 $493 $63,426 97.1 %
31-to-60 days310 452 275 184 103 69 1,393 2.1 %
Greater-than-60 days93 150 98 62 35 26 465 0.7 %
Finance receivables more than 30 days delinquent403 603 373 246 138 95 1,857 2.8 %
In repossession11 14 6 4 2 1 39 0.1 %
Finance receivables more than 30 days delinquent or in repossession414 617 380 249 140 96 1,896 2.9 %
Retail finance receivables, net of fees$29,090 $18,745 $11,081 $3,992 $1,824 $589 $65,322 100.0 %
Commercial Finance Receivables  
Finance Receivables [Line Items]  
Finance Receivables Credit Quality
GM Financial's dealer risk model and risk rating categories are as follows:

RatingDescription
IPerforming accounts with strong to acceptable financial metrics with at least satisfactory capacity to meet financial commitments.
IIPerforming accounts experiencing potential weakness in financial metrics and repayment prospects resulting in increased monitoring.
IIINon-Performing accounts with inadequate paying capacity for current obligations and have the distinct possibility of creating a loss if deficiencies are not corrected.
IVNon-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses that make collection of liquidation in full highly questionable or improbable.
The following tables summarize the dealer credit risk profile by dealer risk rating at December 31, 2023 and 2022:
Year of Origination(a)December 31, 2023
Dealer Risk RatingRevolving20232022202120202019PriorTotalPercent
I$11,513 $279 $403 $297 $301 $75 $11 $12,879 97.1 %
II182 — 2 2 — — — 187 1.4 %
III152 1 15 12 — 11 — 192 1.4 %
IV— — — — — — — — — %
Balance at end of period$11,846 $281 $421 $311 $301 $86 $11 $13,257 100.0 %
__________
(a)Floorplan advances comprise 99.7% of the total revolving balance. Dealer term loans are presented by year of origination.

Year of Origination(a)December 31, 2022
Dealer Risk RatingRevolving20222021202020192018PriorTotalPercent
I$9,130 $438 $356 $360 $91 $38 $18 $10,431 98.2 %
II89 — 1 — — — — 91 0.9 %
III78 15 — — 10 — — 104 1.0 %
IV— — — — — — — — — %
Balance at end of period$9,297 $453 $357 $360 $102 $38 $18 $10,625 100.0 %
__________
(a)Floorplan advances comprise 99.0% of the total revolving balance. Dealer term loans are presented by year of origination.

There were no commercial finance receivables on nonaccrual status at December 31, 2023 and 2022.