v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Schedule of Interest expense and financing interest expense
Years Ended December 31,
202520242023
Automotive interest expense$727 $846 $911 
Automotive Financing - GM Financial interest expense6,492 6,030 4,685 
Total interest expense$7,219 $6,876 $5,596 
Schedule of maturities of long-term debt
The following table summarizes contractual maturities including finance leases at December 31, 2025:
AutomotiveAutomotive FinancingTotal
2026$663 $35,143 $35,806 
20271,881 23,984 25,865 
20281,623 18,253 19,876 
20291,081 13,135 14,216 
2030822 10,298 11,120 
Thereafter10,528 14,163 24,691 
$16,599 $114,976 $131,574 
Automotive  
Schedule of Debt carrying amount and fair value The following table presents debt in our automotive operations:
December 31, 2025December 31, 2024
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$164 $164 $105 $105 
Unsecured debt(a)15,468 15,434 14,980 14,709 
Finance lease liabilities615 614 383 391 
Total automotive debt(b)$16,247 $16,213 $15,467 $15,204 
Fair value utilizing Level 1 inputs$15,065 $14,366 
Fair value utilizing Level 2 inputs$1,148 $838 
Available under credit facility agreements(c)$13,913 $13,793 
Weighted-average interest rate on outstanding short-term debt(d)12.6 %7.3 %
Weighted-average interest rate on outstanding long-term debt(d)5.8 %5.8 %
__________
(a)Primarily consists of senior notes.
(b)Includes net discount and debt issuance costs of $445 million and $439 million at December 31, 2025 and 2024.
(c)Excludes our 364-day, $2.0 billion facility allocated 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, 2025December 31, 2024
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt$46,904 $47,252 $49,573 $49,753 
Unsecured debt67,127 68,607 64,691 65,258 
Total GM Financial debt$114,031 $115,860 $114,264 $115,010 
Fair value utilizing Level 2 inputs$113,180 $112,941 
Fair value utilizing Level 3 inputs$2,679 $2,070