v3.24.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Schedule of Interest expense and financing interest expense
Years Ended December 31,
202420232022
Automotive interest expense$846 $911 $987 
Automotive Financing - GM Financial interest expense6,030 4,685 2,881 
Total interest expense$6,876 $5,596 $3,868 
Schedule of maturities of long-term debt
The following table summarizes contractual maturities including finance leases at December 31, 2024:
AutomotiveAutomotive FinancingTotal
2025$2,143 $37,388 $39,531 
202699 24,129 24,228 
20271,830 19,330 21,160 
2028833 11,567 12,400 
20291,051 10,140 11,191 
Thereafter9,998 13,249 23,247 
$15,955 $115,804 $131,758 
Automotive  
Schedule of Debt carrying amount and fair value The following table presents debt in our automotive operations:
December 31, 2024December 31, 2023
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$105 $105 $134 $132 
Unsecured debt(a)14,980 14,709 15,842 15,911 
Finance lease liabilities383 391 437 447 
Total automotive debt(b)$15,467 $15,204 $16,413 $16,490 
Fair value utilizing Level 1 inputs$14,366 $15,457 
Fair value utilizing Level 2 inputs$838 $1,033 
Available under credit facility agreements(c)$13,793 $16,446 
Weighted-average interest rate on outstanding short-term debt(d)7.3 %16.2 %
Weighted-average interest rate on outstanding long-term debt(d)5.8 %5.8 %
__________
(a)Primarily consist of senior notes.
(b)Includes net discount and debt issuance costs of $439 million and $527 million at December 31, 2024 and 2023.
(c)Excludes our 364-day, $2.0 billion facility designated for exclusive use by GM Financial.
(d)Includes coupon rates on debt denominated in various foreign currencies and interest free loans.
GM Financial  
Schedule of Debt carrying amount and fair value The following table presents debt of GM Financial:
December 31, 2024December 31, 2023
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$49,573 $49,753 $45,243 $44,971 
Unsecured debt64,691 65,258 60,084 59,651 
Total GM Financial debt$114,264 $115,010 $105,327 $104,622 
Fair value utilizing Level 2 inputs$112,941 $102,262 
Fair value utilizing Level 3 inputs$2,070 $2,360