Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill of $1.9 billion consisted of $1.3 billion in GM Financial at December 31, 2023 and 2022, and $573 million and $571 million in Cruise at December 31, 2023 and 2022. In the three months ended December 31, 2023, we performed a goodwill impairment test for Cruise and determined that the goodwill was not impaired.

	December 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Technology and intellectual property	$	749	$	517	$	231	$	767	$	564	$	203
Brands	4,293		1,768		2,526		4,294		1,658		2,636
Dealer network, customer relationships and other	968		784		184		960		765		195
Total intangible assets	$	6,010	$	3,069	$	2,941	$	6,021	$	2,987	$	3,034

Our amortization expense related to intangible assets was $114 million, $139 million and $141 million in the years ended December 31, 2023, 2022 and 2021.

Amortization expense related to intangible assets is estimated to be approximately $159 million in each of the next five years.