Short-Term and Long-Term Debt Debt (Tables)

12 Months Ended

Dec. 31, 2012

Interest Expense [Table Text Block]

The following table summarizes interest expense (dollars in millions):

	Years Ended December 31,
	2012		2011		2010
Loans from UST	$	—	$	—	$	117
Canadian Loan	—		—		26
VEBA Notes	—		—		166
Capital leases	98		101		72
Amortization of debt discounts and issuance fees	189		200		163
Ally Financial, primarily wholesale financing	41		63		243
Other	161		176		311
Total Automotive interest expense	489		540		1,098
GM Financial interest expense	283		204		37
Total interest expense	$	772	$	744	$	1,135

Schedule of Maturities of Long-term Debt [Table Text Block]

The following table summarizes contractual maturities including capital leases at December 31, 2012 (dollars in millions):

	Automotive		Automotive Financing(a)		Total
2013	$	1,289	$	3,760	$	5,049
2014	315		2,324		2,639
2015	473		1,772		2,245
2016	363		1,073		1,436
2017	1,391		1,438		2,829
Thereafter	2,369		500		2,869
	$	6,200	$	10,867	$	17,067

__________

(a) GM Financial credit facilities and securitization notes payable are based on expected payoff date. Senior notes principal amounts are based on maturity.

Automotive [Member]

Schedule of Debt [Table Text Block]

The following table summarizes the components of our short-term debt and long-term debt (dollars in millions):

	December 31, 2012			December 31, 2011
Short-term debt
Wholesale financing(a)	$	889		$	1,081
GM Korea mandatorily redeemable preferred shares	467			312
Capital leases	183			139
Other short-term debt and current portion of long-term debt	209			150
Total automotive short-term debt and current portion of long-term debt	1,748			1,682
Long-term debt
Canadian Health Care Trust (HCT) notes	1,239			1,141
GM Korea mandatorily redeemable preferred shares	—			666
Capital leases	855			853
Other long-term debt(a)	1,330			953
Total automotive long-term debt	3,424			3,613
Total automotive debt(b)	$	5,172		$	5,295
Fair value of automotive debt(c)	$	5,298		$	5,467
Available under credit facility agreements	$	11,119		$	5,308
Interest rate range on outstanding debt(d)	0.0-19.0%			0.0-19.0%
Weighted-average interest rate on outstanding short-term debt(d)	3.7		%	5.0		%
Weighted-average interest rate on outstanding long-term debt(d)	4.0		%	3.6		%

__________

(a) Includes debt obligations to Ally Financial of $869 million and $1.1 billion at December 31, 2012 and 2011.

(b) Net of a $1.1 billion and $1.6 billion discount at December 31, 2012 and 2011.

(c) The fair value of debt included $4.1 billion and $4.4 billion measured utilizing Level 2 inputs at December 31, 2012 and 2011. The fair value of debt included $1.2 billion and $1.1 billion measured utilizing Level 3 inputs at December 31, 2012 and 2011.

(d) Includes coupon rates on debt denominated in various foreign currencies and interest free loans.

Schedule of Debt by Collateral Type [Table Text Block]

The following table summarizes our short-term and long-term debt by collateral type (dollars in millions):

	December 31, 2012		December 31, 2011
Unsecured debt	$	2,952	3,065
Secured debt(a)	1,182		1,238
Capital leases	1,038		992
Total automotive debt	$	5,172	$	5,295

__________

(a) Includes wholesale financing of dealer inventory.

GM Financial [Member]

Schedule of Debt [Table Text Block]

The following table summarizes the current and non-current portion of debt (dollars in millions):

	December 31, 2012		December 31, 2011
Short-term debt and current portion of long-term debt	$	3,770	$	4,118
Long-term debt	7,108		4,420
Total GM Financial debt	$	10,878	$	8,538

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The following table summarizes the carrying amount and fair value of debt (dollars in millions):

		December 31, 2012				December 31, 2011
	Level	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Credit facilities
Medium-term note facility	3	$	—	$	—	$	294	$	294
Syndicated warehouse facility	2	—		—		621		621
Lease warehouse facilities	2	354		354		181		181
Bank funding facility	3	—		—		3		3
Total credit facilities		354		354		1,099		1,099
Securitization notes payable
Securitization notes payable	1	8,534		8,669		6,938		6,946
Private securitization 2012-PP1	3	490		502
Total securitization notes payable		9,024		9,171		6,938		6,946
Senior notes	2	1,500		1,620		501		511
Total GM Financial debt		$	10,878	$	11,145	$	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 December 31, 2012 (dollars in millions):

	Facility Amount		Advances Outstanding		Assets Pledged		Restricted Cash Pledged(a)
Syndicated warehouse facility(b)	$	2,500	$	—	$	—	$	—
Canada lease warehouse facility(c)	$	803	354		540		3
U.S. lease warehouse facility(d)	$	600	—		—		—
			$	354	$	540	$	3

__________

(a) These amounts do not include cash collected on finance receivables and leasing related assets pledged of $12 million which is included in Restricted cash and marketable securities.

(b) In May 2013 when the revolving period ends, and if the facility is not renewed, the outstanding balance will be repaid over time based on the amortization of the receivables pledged until February 2020 when the remaining balance will be due and payable.

(c) In July 2013 when the revolving period ends, and if the facility is not renewed, the outstanding balance will be repaid over time based on the amortization of the leasing related assets pledged until January 2019 when any remaining balance will be due and payable. Borrowings in the facility are collateralized by leased assets. At December 31, 2012 the facility amount represents Canadian Dollar (CAD) $800 million and the advances outstanding amount represents CAD $353 million

Securitizations Notes Payable [Table Text Block]

The following table summarizes securitization notes payable (dollars in millions):

	December 31, 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	October 2013 - March 2016	$	1,000 - 1,500	5.2% - 5.5%		—		—		794
2008	January 2015 - April 2015	$	500	8.7% - 10.5%		147		24		171
2009	January 2016 - July 2017	$	227 - 725	2.7% - 7.5%		207		160		298
2010	July 2017 - April 2018	$	200 - 850	2.2% - 3.8%		1,230		1,095		1,756
2011	July 2018 - March 2019	$	800 - 1,000	2.4% - 2.9%		2,728		2,519		3,813
2012	June 2019 - May 2020	$	800 - 1,300	1.4% - 2.9%		5,590		5,215
						$	9,902	9,013		6,895
Purchase accounting premium								11		43
Total securitization notes payable								$	9,024	$	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.