Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Cumulative Basis Adjustments for Fair Value Hedges

The following amounts were recorded in the condensed consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:


	March 31, 2024				December 31, 2023
	Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)		Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)
Short-term unsecured debt	$	4,283	$	(33)	$	3,508	$	(8)
Long-term unsecured debt	30,150		1,191		30,043		1,037
GM Financial unsecured debt	$	34,433	$	1,158	$	33,551	$	1,029

__________

(a)Includes $865 million and $872 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at March 31, 2024 and December 31, 2023.

GM Financial

Derivative [Line Items]

Schedule of Notional Amounts for Derivative Financial Instruments

The following table presents the gross fair value amounts of GM Financial's derivative financial instruments and the associated notional amounts:


	Fair Value Level	March 31, 2024						December 31, 2023
		Notional		Fair Value of Assets		Fair Value of Liabilities		Notional		Fair Value of Assets		Fair Value of Liabilities
Derivatives designated as hedges(a)
Fair value hedges
Interest rate swaps	2	$	21,991	$	9	$	352	$	18,379	$	75	$	238

Cash flow hedges
Interest rate swaps	2	2,447		16		10		2,381		17		16
Foreign currency swaps(b)	2	9,208		88		428		8,003		144		311
Derivatives not designated as hedges(a)
Interest rate contracts	2	123,103		1,576		2,024		134,683		1,573		1,997
Foreign currency contracts	2	940		2		—		—		—		—
Total derivative financial instruments(c)		$	157,689	$	1,691	$	2,815	$	163,446	$	1,809	$	2,563

__________

(a)The gains/losses included in our condensed consolidated income statements and statements of comprehensive income for the three months ended March 31, 2024 and 2023 were insignificant, unless otherwise noted. Amounts accrued for interest payments in a net receivable position are included in Other assets. Amounts accrued for interest payments in a net payable position are included in Other liabilities.

(b)The effect of foreign currency cash flow hedges in the condensed consolidated statements of comprehensive income includes losses of $141 million and an insignificant gain recognized in Accumulated other comprehensive loss, and losses of $163 million and an insignificant gain reclassified from Accumulated other comprehensive loss into income for the three months ended March 31, 2024 and 2023.

(c)GM Financial held $447 million and $457 million of collateral from counterparties available for netting against GM Financial's asset positions and posted $1.2 billion of collateral to counterparties available for netting against GM Financial's liability positions at March 31, 2024 and December 31, 2023.