v3.25.4
Equity in Net Assets of Nonconsolidated Affiliates (Tables)
12 Months Ended
Dec. 31, 2025
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,
202520242023
Automotive China JVs equity income (loss)$(316)$(4,407)$446 
Ultium Cells Holdings LLC equity income (loss)(a)784 975 293 
Other joint ventures equity income (loss)(283)(268)34 
Total Equity income (loss)$184 $(3,701)$773 
__________
(a)    Equity earnings related to Ultium Cells Holdings LLC, an equally owned joint venture with LG Energy Solution (LGES), 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, 2025December 31, 2024
Automotive China JVs carrying amount$1,105 $1,474 
Ultium Cells Holdings LLC carrying amount2,355 3,749 
Other investments carrying amount2,221 1,879 
Total equity in net assets of nonconsolidated affiliates$5,681 $7,102 
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, 2025December 31, 2024
Automotive China JVsOthersTotalAutomotive China JVsOthersTotal
Summarized Balance Sheet Data
Current assets$12,837 $8,685 $21,522 $11,203 $10,862 $22,065 
Non-current assets5,826 10,936 16,762 6,518 11,434 17,952 
Total assets$18,663 $19,621 $38,284 $17,721 $22,296 $40,017 
Current liabilities$18,924 $6,036 $24,960 $17,076 $7,722 $24,798 
Non-current liabilities815 1,559 2,374 887 2,562 3,449 
Total liabilities$19,739 $7,595 $27,334 $17,963 $10,284 $28,247 
Noncontrolling interests$344 $$346 $279 $— $279 
Years Ended December 31,
202520242023
Summarized Operating Data
Automotive China JVs' net sales$24,450 $21,740 $31,435 
Others' net sales4,764 5,545 4,311 
Total net sales$29,214 $27,285 $35,746 
Automotive China JVs' net income (loss)$(685)$(4,466)$1,122 
Others' net income989 1,315 771 
Total net income (loss)$304 $(3,151)$1,893 
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,
202520242023
Automotive sales and revenue$92 $90 $209 
Automotive purchases, net$5,853 $4,875 $2,766 
Dividends received$2,144 $418 $1,018 
Operating cash flows$(2,881)$(4,422)$(941)
Investing cash flows$(2,011)$(1,045)$(739)
December 31, 2025December 31, 2024
Accounts, notes, and dividends receivable, net$2,523 $1,056 
Accounts payable, accrued and other liabilities$1,698 $892 
Undistributed earnings$1,789 $2,781 
Undistributed losses$(3,243)$(2,775)
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, 2025December 31, 2024
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 %