v3.24.4
Equity In Net Assets Of Nonconsolidated Affiliates (Tables)
 12 Months Ended
Dec. 31, 2024
Schedule of Equity Method Investments [Line Items]  
Schedule of Equity Income Revenue and expenses of our joint ventures are not consolidated into our financial statements; rather, our proportionate share of the earnings of each joint venture is reflected as Equity income (loss) or Automotive and other cost of sales.
Years Ended December 31,
202420232022
Automotive China JVs equity income (loss)$(4,407)$446 $677 
Ultium Cells Holdings LLC equity income (loss)(a)975 293 8 
Other joint ventures equity income (loss)(268)34 151 
Total Equity income (loss)$(3,701)$773 $837 
__________
(a)    Equity earnings related to Ultium Cells Holdings LLC are presented in Automotive and other cost of sales as this entity is integral to the operations of our business by providing battery cells for our EVs.
Schedule of Carrying Amount of Investments in Nonconsolidated Affiliates
Investments in Nonconsolidated Affiliates
December 31, 2024December 31, 2023
Automotive China JVs carrying amount$1,474 $6,373 
Ultium Cells Holdings LLC carrying amount3,749 2,268 
Other investments carrying amount1,879 1,972 
Total equity in net assets of nonconsolidated affiliates$7,102 $10,613 
Nonconsolidated Affiliates  
Schedule of Equity Method Investments [Line Items]  
Schedule of Summarized Financial Data for Nonconsolidated Affiliates
Summarized Financial Data of Nonconsolidated Affiliates
December 31, 2024December 31, 2023
Automotive China JVsOthersTotalAutomotive China JVsOthersTotal
Summarized Balance Sheet Data
Current assets$11,203 $10,862 $22,065 $15,963 $17,435 $33,398 
Non-current assets6,518 11,434 17,952 11,585 11,535 23,120 
Total assets$17,721 $22,296 $40,017 $27,548 $28,970 $56,518 
Current liabilities$17,076 $7,722 $24,798 $22,104 $15,308 $37,412 
Non-current liabilities887 2,562 3,449 1,070 4,174 5,244 
Total liabilities$17,963 $10,284 $28,247 $23,174 $19,482 $42,656 
Noncontrolling interests$279 $— $279 $868 $— $868 
Years Ended December 31,
202420232022
Summarized Operating Data
Automotive China JVs' net sales$21,740 $31,435 $35,857 
Others' net sales5,545 4,311 2,029 
Total net sales$27,285 $35,746 $37,886 
Automotive China JVs' net income (loss)$(4,466)$1,122 $1,407 
Others' net income1,315 771 426 
Total net income (loss)$(3,151)$1,893 $1,833 
Schedule of Transactions with and Balances Related to Nonconsolidated Affiliates The following tables summarize transactions with and balances related to our nonconsolidated affiliates:
Years Ended December 31,
202420232022
Automotive sales and revenue$90 $209 $218 
Automotive purchases, net$4,875 $2,766 $2,637 
Dividends received$418 $1,018 $1,030 
Operating cash flows$(4,422)$(941)$(1,133)
December 31, 2024December 31, 2023
Accounts and notes receivable, net$1,056 $589 
Accounts payable$892 $806 
Undistributed earnings$6 $1,719 
China JVs  
Schedule of Equity Method Investments [Line Items]  
Schedule of Equity Method Investments
The following table summarizes our direct ownership interests in our China JVs:
December 31, 2024December 31, 2023
Automotive China JVs
SAIC General Motors Corp., Ltd. (SGM)50 %50 %
Pan Asia Technical Automotive Center Co., Ltd.50 %50 %
SAIC General Motors Sales Co., Ltd. (SGMS)49 %49 %
SAIC GM Wuling Automobile Co., Ltd. (SGMW)44 %44 %
Shanghai OnStar Telematics Co., Ltd. (Shanghai OnStar)40 %40 %
SAIC GM (Shenyang) Norsom Motors Co., Ltd. (SGM Norsom)25 %25 %
SAIC GM Dong Yue Motors Co., Ltd. (SGM DY)25 %25 %
SAIC GM Dong Yue Powertrain Co., Ltd. (SGM DYPT)25 %25 %
Other joint ventures
SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC)35 %35 %
SAIC-GMF Leasing Co., Ltd. 35 %35 %