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Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net sales and revenue        
Total net sales and revenue (Note 2) $ 35,473 $ 35,791 $ 106,411 $ 108,650
Costs and expenses        
Total costs and expenses 33,169 34,181 100,376 105,034
Operating income 2,304 1,610 6,035 3,616
Interest income and other non-operating income, net 169 651 1,338 2,130
Equity income (Note 7) 315 530 1,000 1,815
Income before income taxes 2,582 2,630 7,791 7,091
Income tax expense (Note 14) 271 100 932 1,085
Income from continuing operations 2,311 2,530 6,859 6,006
Loss from discontinued operations, net of tax (Note 18) 0 0 0 70
Net income 2,311 2,530 6,859 5,936
Net loss attributable to noncontrolling interests 40 4 67 34
Net income attributable to stockholders 2,351 2,534 6,926 5,970
Net income attributable to common stockholders $ 2,313 $ 2,503 $ 6,813 $ 5,910
Earnings per share (Note 17)        
Basic earnings per common share – continuing operations (in dollars per share) $ 1.62 $ 1.77 $ 4.79 $ 4.24
Basic loss per common share – discontinued operations (in dollars per share) 0 0 0 0.05
Basic earnings per common share (in dollars per share) $ 1.62 $ 1.77 $ 4.79 $ 4.19
Weighted-average common shares outstanding - basic (in shares) 1,428 1,412 1,422 1,410
Diluted earnings per common share – continuing operations (in dollars per share) $ 1.60 $ 1.75 $ 4.74 $ 4.18
Diluted loss per common share – discontinued operations (in dollars per share) 0 0 0 0.05
Diluted earnings per common share (in dollars per share) $ 1.60 $ 1.75 $ 4.74 $ 4.13
Weighted-average common shares outstanding - diluted (in shares) 1,442 1,431 1,439 1,431
Dividends declared per common share (in dollars per share) $ 0.38 $ 0.38 $ 1.14 $ 1.14
Automotive [Member]        
Net sales and revenue        
Automotive $ 31,817 $ 32,276 $ 95,503 $ 98,242
Costs and expenses        
Automotive and other cost of sales 28,174 28,533 84,730 88,788
Automotive and other selling, general and administrative expense 2,008 2,584 6,209 7,172
Automotive interest expense 206 161 582 470
GM Financial [Member]        
Net sales and revenue        
Total net sales and revenue (Note 2) 3,656 3,515 10,908 10,408
Costs and expenses        
GM Financial interest, operating and other expenses $ 2,987 $ 3,064 $ 9,437 $ 9,074