Other Liabilities and Deferred Revenue (Tables)

6 Months Ended

Jun. 30, 2023

Other Liabilities [Abstract]

Schedule of Accrued Liabilities and Deferred Revenue [Table Text Block]

Other liabilities and deferred revenue were as follows (in millions):

	December 31, 2022		June 30, 2023
Current
Dealer and dealers’ customer allowances and claims	$	9,219	$	11,121
Deferred revenue	2,404		2,679
Employee benefit plans	2,020		1,828
Accrued interest	935		1,050
Operating lease liabilities	404		413
OPEB (a)	329		330
Pension (a)	196		198
Other (b)	5,590		6,306
Total current other liabilities and deferred revenue	$	21,097	$	23,925
Non-current
Dealer and dealers’ customer allowances and claims	$	6,095	$	6,168
Pension (a)	5,673		5,931
OPEB (a)	4,130		4,077
Deferred revenue	4,883		4,877
Operating lease liabilities	1,101		1,201
Employee benefit plans	834		783
Other (b)	2,781		2,717
Total non-current other liabilities and deferred revenue	$	25,497	$	25,754

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(a)Balances at June 30, 2023 reflect pension and OPEB liabilities at December 31, 2022, updated for: service and interest cost; expected return on assets; curtailments, settlements, and associated interim remeasurement (where applicable); separation expense; actual benefit payments; and cash contributions. The discount rate and rate of expected return assumptions are unchanged from year-end 2022. Included in Other assets are pension assets of $5.7 billion and $6.0 billion at December 31, 2022 and June 30, 2023, respectively.

(b)Includes current derivative liabilities of $1.3 billion and $1.5 billion at December 31, 2022 and June 30, 2023, respectively. Includes non-current derivative liabilities of $1.7 billion and $1.5 billion at December 31, 2022 and June 30, 2023, respectively (see Note 15).