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Equipment on Operating Leases, Net (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Future Minimum Rental Receipts for Operating Leases [Table Text Block]
The following table summarizes our minimum commitments under noncancelable operating leases having initial terms in excess of one year, primarily for property (dollars in millions):
 
2013
 
2014
 
2015
 
2016
 
2017
 
Thereafter
Minimum commitments(a)
$
394

 
$
312

 
$
246

 
$
192

 
$
125

 
$
595

Sublease income
(54
)
 
(53
)
 
(48
)
 
(47
)
 
(45
)
 
(279
)
Net minimum commitments
$
340

 
$
259

 
$
198

 
$
145

 
$
80

 
$
316

__________
(a)
Certain of the leases contain escalation clauses and renewal or purchase options.
Automotive [Member]
 
Schedule of Equipment on Operating Leases [Table Text Block]
The following table summarizes information related to Equipment on operating leases, net (dollars in millions):
 
December 31, 2012
 
December 31, 2011
Equipment on operating leases
$
1,946

 
$
2,691

Less: accumulated depreciation
(164
)
 
(227
)
Equipment on operating leases, net
$
1,782

 
$
2,464

Schedule Of Operating Leases Depreciation and Impairment [Table Text Block]
The following table summarizes depreciation expense and impairment charges related to Equipment on operating leases, net (dollars in millions):
 
Years Ended December 31,
 
2012
 
2011
 
2010
Depreciation expense
$
227

 
$
431

 
$
500

Impairment charges
$
181

 
$
151

 
$
49

Fair Value,Equipment on Operating Leases [Table Text Block]



Fair Value Measurements on a Nonrecurring Basis (a)

Fair Value Measures

Level 1

Level 2

Level 3
Year ended December 31, 2012
$
2,469


$


$


$
2,469

Year ended December 31, 2011
$
2,571


$


$


$
2,571

Year ended December 31, 2010
$
2,310


$


$


$
2,310

__________
(a)
The carrying amount of the related assets at December 31, 2012, 2011 and 2010 may no longer equal the fair value as the fair value presented is as of the date the impairment was recorded during the year presented.

Impairment of vehicles leased to daily rental car companies with guaranteed repurchase obligations is determined to exist if the expected future cash flows are lower than the carrying amount of the vehicle. We have multiple, distinct portfolios of vehicles leased to rental car companies and may have multiple impairments within a period. Expected cash flows include all estimated net revenue and costs associated with the sale to daily rental car companies through disposal at auction. The fair value measurements are determined, reviewed and approved on a monthly basis by personnel with appropriate knowledge of transactions with daily rental car companies and auction transactions.

The following table summarizes the significant quantitative unobservable inputs and assumptions used in the fair value measurement of Equipment on operating leases, net (dollars in millions):
 
Valuation Technique
 
Significant
 Unobservable Input
 
Year Ended December 31, 2012
Impaired equipment on operating leases
Cash flow
 
Estimated net revenue
 
$
2,530

 
 
 
Estimated costs
 
$
2,711

GM Financial [Member]
 
Schedule Of Operating Leases Depreciation and Impairment [Table Text Block]
The following table summarizes depreciation expense related to GM Financial equipment on operating leases, net (dollars in millions):
 
Year Ended December 31,
 
2012
 
2011
Depreciation expense
$
205

 
$
70

Schedule of Future Minimum Rental Receipts for Operating Leases [Table Text Block]
The following table summarizes minimum rental payments due to GM Financial as lessor under operating leases (dollars in millions):

2013

2014

2015

2016

2017
Minimum rental receipts under operating leases
$
331


$
274


$
160


$
33


$
2