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Debt (Tables)
 6 Months Ended
Jun. 30, 2012
Automotive [Member]
  
Debt carrying amount and fair value [Table Text Block]
The following table summarizes the carrying amount and fair value of debt (dollars in millions):


June 30, 2012

December 31, 2011
Carrying amount
$
5,143

 
$
5,295

Fair value(a)
$
5,649

 
$
5,467

__________
(a)
The fair value of debt included $4.4 billion measured utilizing Level 2 inputs at June 30, 2012 and December 31, 2011. The fair value of debt included $1.2 billion and $1.1 billion measured utilizing Level 3 inputs at June 30, 2012 and December 31, 2011
GM Financial [Member]
  
Schedule of classification of debt [Table Text Block]
The following table summarizes the current and non-current portion of debt (dollars in millions):

June 30, 2012

December 31, 2011
Short-term debt and current portion of long-term debt
$
3,732


$
4,118

Long-term debt
5,918


4,420

Total GM Financial debt
$
9,650


$
8,538
Schedule of Debt [Table Text Block]
The following table summarizes the carrying amount and fair value of debt (dollars in millions):
 
 
 
June 30, 2012
 
December 31, 2011
 
Level
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Credit facilities
 
 
 
 
 
 
 
 
 
Medium-term note facility
3
 
$
215

 
$
216

 
$
294

 
$
294

Syndicated warehouse facility
2
 
—

 
—

 
621

 
621

Lease warehouse facilities
2
 
308

 
308

 
181

 
181

Bank funding facility
3
 
—

 
—

 
3

 
3

Total credit facilities
 
 
523

 
524

 
1,099

 
1,099

Securitization notes payable

 

 

 


 


Securitization notes payable
1
 
7,986

 
8,081

 
6,938

 
6,946

Private securitization 2012-PP1
3
 
640

 
650

 


 


Total securitization notes payable
 
 
8,626

 
8,731

 
6,938

 
6,946

Senior notes and convertible senior notes
2
 
501

 
544

 
501

 
511

Total GM Financial debt
 
 
$
9,650

 
$
9,799

 
$
8,538

 
$
8,556
Schedule of Line of Credit Facilities [Table Text Block]
The following table summarizes further details regarding terms and availability of GM Financial's credit facilities at June 30, 2012 (dollars in millions):


Facility
Amount
 
Advances
Outstanding
 
Assets
Pledged
 
Restricted
Cash
Pledged(a)
Syndicated warehouse facility(b)
$
2,500

 
$
—

 
$
—

 
$
—

U.S. lease warehouse facility(c)
$
600

 
—

 
—

 
—

Canada lease warehouse facility(d)
$
589

 
308

 
478

 
2

Medium-term note facility(e)
 
 
215

 
236

 
84

 
 
 
$
523

 
$
714

 
$
86

__________
(a)
These amounts do not include cash collected on finance receivables pledged of $29 million which is included in Restricted cash and marketable securities.
(b)
In May 2012 GM Financial increased the Syndicated warehouse facility amount from $2.0 billion to $2.5 billion and extended the maturity date to May 2013.
(c)
In January 2012 GM Financial extended the maturity date of the lease warehouse facility for lease originations in the U.S. to January 2013. Borrowings on the facility are collateralized by leased assets.
(d)
In July 2012 GM Financial increased the lease warehouse facility for lease originations in Canada from CAD $600 million to CAD $800 million and extended the maturity date to July 2013. Borrowings in the facility are collateralized by leased assets. The facility amount represents CAD $600 million at June 30, 2012 and the advances outstanding amount represents CAD $314 million at June 30, 2012.
(e)
The revolving period under this facility has ended and the outstanding debt balance will be repaid over time based on the amortization of the receivables pledged until October 2016 when any remaining amount outstanding will be due and payable
Securitizations Notes Payable [Table Text Block]
Securitization notes payable represents debt issued by GM Financial in securitization transactions. The following table summarizes securitization notes payable (dollars in millions):
 
June 30, 2012
 
December 31, 2011
Year of Transactions
Maturity Dates(a)
 
 
Original
Note
Amounts
 
Original
Weighted-
Average
Interest
Rates
 
Total
Receivables
Pledged
 

Note
Balance
 

Note
Balance
2006
January 2014
 
$
1,200

 
5.4%
 
$
—

 
$
—

 
$
63

2007
April 2014 - March 2016
 
$
1,000 - 1,500

 
5.3% - 5.5%
 
—

 
—

 
794

2008
October 2014 - April 2015
 
$
500 - 750

 
 6.0% - 10.5%
 
346

 
124

 
171

2009
January 2016 - July 2017
 
$
227 - 725

 
2.7% - 7.5%
 
300

 
221

 
298

2010
July 2017 - April 2018
 
$
200 - 850

 
2.2% - 3.8%
 
1,582

 
1,395

 
1,756

2011
July 2018 - March 2019
 
$
800 - 1,000

 
2.4% - 2.9%
 
3,374

 
3,105

 
3,813

2012
June 2019 - November 2019
 
$
800 - 1,200

 
1.9% - 2.9%
 
3,948

 
3,758

 


 
 
 
 
 
 
 
 
$
9,550

 
8,603

 
6,895

Purchase accounting premium
 
23

 
43

Total securitization notes payable
 
$
8,626

 
$
6,938

__________
(a)
Maturity dates represent final legal maturity of securitization notes payable. Securitization notes payable are expected to be paid based on amortization of the finance receivables pledged to the trusts.