10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________________________________________ 

FORM 10-Q

(Mark One)

ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2018

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________________ to ________________

Commission file number 1-10667

______________________________________________ 

General Motors Financial Company, Inc.

(Exact name of registrant as specified in its charter)

State of Texas	75-2291093
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

801 Cherry Street, Suite 3500, Fort Worth, Texas 76102

(Address of principal executive offices, including Zip Code)

(817) 302-7000

(Registrant’s telephone number, including area code)

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  Q    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes  Q    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer o Accelerated filer o Non-accelerated filer (Do not check if a smaller reporting company) ý Smaller reporting company o Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes  o   No  Q

As of July 24, 2018, there were 5,050,000 shares of the registrant’s common stock, par value $0.0001 per share, outstanding. All of the registrant’s common stock is owned by General Motors Holdings LLC, a wholly-owned subsidiary of General Motors Company.

INDEX

		Page
PART I
Item 1.	Condensed Consolidated Financial Statements (Unaudited)	1
	Condensed Consolidated Balance Sheets (Unaudited)	1
	Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)	2
	Condensed Consolidated Statements of Cash Flows (Unaudited)	3
	Notes to Condensed Consolidated Financial Statements	4
	Note 1. Summary of Significant Accounting Policies	4
	Note 2. Related Party Transactions	5
	Note 3. Finance Receivables	6
	Note 4. Leased Vehicles	9
	Note 5. Equity in Net Assets of Non-consolidated Affiliate	9
	Note 6. Debt	9
	Note 7. Variable Interest Entities	10
	Note 8. Derivative Financial Instruments and Hedging Activities	11
	Note 9. Commitments and Contingencies	13
	Note 10. Shareholders' Equity	14
	Note 11. Income Taxes	14
	Note 12. Discontinued Operations	15
	Note 13. Segment Reporting	15
	Note 14. Regulatory Capital and Other Regulatory Matters	16
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	17
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	25
Item 4.	Controls and Procedures	25
PART II
Item 1.	Legal Proceedings	25
Item 1A.	Risk Factors	25
Item 6.	Exhibits	26
	Signature	27

GENERAL MOTORS FINANCIAL COMPANY, INC.

PART I

Item 1. Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions, except per share amounts)(Unaudited)

	June 30, 2018			December 31, 2017
ASSETS
Cash and cash equivalents	$	4,012		$	4,265
Finance receivables, net (Note 3; Note 7 VIEs)	45,500			42,172
Leased vehicles, net (Note 4; Note 7 VIEs)	44,054			42,882
Goodwill	1,188			1,197
Equity in net assets of non-consolidated affiliate (Note 5)	1,260			1,187
Related party receivables (Note 2)	736			309
Other assets (Note 7 VIEs)	5,808			5,003
Total assets	$	102,558		$	97,015
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Secured debt (Note 6; Note 7 VIEs)	$	39,083		$	39,887
Unsecured debt (Note 6)	45,357			40,830
Deferred income	3,517			3,221
Related party payables (Note 2)	76			92
Other liabilities	3,549			2,691
Total liabilities	91,582			86,721
Commitments and contingencies (Note 9)
Shareholders' equity (Note 10)
Common stock, $0.0001 par value per share	—			—
Preferred stock, $0.01 par value per share	—			—
Additional paid-in capital	7,554			7,525
Accumulated other comprehensive loss	(936		)	(768		)
Retained earnings	4,358			3,537
Total shareholders' equity	10,976			10,294
Total liabilities and shareholders' equity	$	102,558		$	97,015

The accompanying notes are an integral part of these condensed consolidated financial statements.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In millions)(Unaudited)

	Three Months Ended June 30,					Six Months Ended June 30,
	2018		2017			2018		2017
Revenue
Finance charge income	$	884	$	812		$	1,750	$	1,564
Leased vehicle income	2,497		2,107			4,944		4,038
Other income	107		71			205		136
Total revenue	3,488		2,990			6,899		5,738
Costs and expenses
Salaries and benefits	223		198			444		397
Other operating expenses	159		135			303		266
Total operating expenses	382		333			747		663
Leased vehicle expenses	1,684		1,549			3,471		2,978
Provision for loan losses (Note 3)	128		158			264		369
Interest expense	803		635			1,535		1,231
Total costs and expenses	2,997		2,675			6,017		5,241
Equity income (Note 5)	45		41			97		88
Income from continuing operations before income taxes	536		356			979		585
Income tax provision (Note 11)	94		86			168		136
Income from continuing operations	442		270			811		449
Loss from discontinued operations, net of tax (Note 12)	—		(208		)	—		(185		)
Net income	$	442	$	62		$	811	$	264
Net income attributable to common shareholder	$	427	$	62		$	782	$	264

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In millions)(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Net income	$	442		$	62		$	811		$	264
Other comprehensive income, net of tax (Note 10)
Unrealized gain (loss) on cash flow hedges, net of income tax benefit of $1, $5, $1 and $7	17			(7		)	18			(11		)
Defined benefit plans, net of income tax	—			(1		)	—			(1		)
Foreign currency translation adjustment, net of income tax expense (benefit) of $0, $5, $(1) and $9	(245		)	104			(186		)	198
Other comprehensive (loss) income, net of tax	(228		)	96			(168		)	186
Comprehensive income	$	214		$	158		$	643		$	450

The accompanying notes are an integral part of these condensed consolidated financial statements.

2

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions) (Unaudited)

	Six Months Ended June 30,
	2018			2017
Net cash provided by operating activities - continuing operations	$	3,565		$	3,143
Net cash provided by operating activities - discontinued operations	—			176
Net cash provided by operating activities	3,565			3,319
Cash flows from investing activities
Purchases of retail finance receivables, net	(11,119		)	(10,698		)
Principal collections and recoveries on retail finance receivables	7,593			6,020
Net funding of commercial finance receivables	(516		)	(1,761		)
Purchases of leased vehicles, net	(9,122		)	(9,884		)
Proceeds from termination of leased vehicles	5,303			2,724
Other investing activities	(34		)	(47		)
Net cash used in investing activities - continuing operations	(7,895		)	(13,646		)
Net cash used in investing activities - discontinued operations	—			(364		)
Net cash used in investing activities	(7,895		)	(14,010		)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	695			(351		)
Borrowings and issuances of secured debt	12,405			15,670
Payments on secured debt	(13,135		)	(11,690		)
Borrowings and issuances of unsecured debt	8,431			11,033
Payments on unsecured debt	(3,783		)	(1,201		)
Debt issuance costs	(92		)	(95		)
Dividends paid	(30		)	—
Net cash provided by financing activities - continuing operations	4,491			13,366
Net cash provided by financing activities - discontinued operations	—			65
Net cash provided by financing activities	4,491			13,431
Net increase in cash, cash equivalents and restricted cash	161			2,740
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(60		)	78
Cash, cash equivalents and restricted cash at beginning of period	6,567			5,302
Cash, cash equivalents and restricted cash at end of period	$	6,668		$	8,120
Cash, cash equivalents and restricted cash from continuing operations at end of period	$	6,668		$	7,497
Cash, cash equivalents and restricted cash from discontinued operations at end of period	$	—		$	623

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet:

	June 30, 2018
Cash and cash equivalents	$	4,012
Restricted cash included in other assets	2,656
Total	$	6,668

The accompanying notes are an integral part of these condensed consolidated financial statements.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Summary of Significant Accounting Policies

Basis of PresentationThe condensed consolidated financial statements include our accounts and the accounts of our consolidated subsidiaries, including certain special purpose entities (SPEs) utilized in secured financing transactions, which are considered variable interest entities (VIEs). All intercompany transactions and accounts have been eliminated in consolidation.

On October 31, 2017, we completed the sale of certain of our European subsidiaries and branches (collectively, our European Operations) to Banque PSA Finance S.A. and BNP Paribas Personal Finance S.A. The European Operations are presented as discontinued operations in our condensed consolidated financial statements for the three and six months ended June 30, 2017. Refer to Note 12 for additional details regarding our disposal of these operations. Unless otherwise indicated, information in these notes to the condensed consolidated financial statements relates to our continuing operations.

The condensed consolidated financial statements, including the notes thereto, are condensed and do not include all disclosures required by generally accepted accounting principles (GAAP) in the United States of America. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements that are included in our Annual Report on Form 10-K filed on February 6, 2018 (Form 10-K). Except as otherwise specified, dollar amounts presented within tables are stated in millions.

The condensed consolidated financial statements at June 30, 2018, and for the three and six months ended June 30, 2018 and 2017, are unaudited and, in management’s opinion, include all adjustments, which consist of normal recurring adjustments and transactions or events discretely impacting the interim periods, considered necessary by management to fairly state our results of operations. The results for interim periods are not necessarily indicative of results for a full year. The condensed consolidated balance sheet at December 31, 2017, was derived from audited annual financial statements.

Segment Information We are the wholly-owned captive finance subsidiary of General Motors Company (GM). We offer substantially similar products and services throughout many different regions, subject to local regulations and market conditions. We evaluate our business in two operating segments: North America (the North America Segment) and International (the International Segment). Our North America Segment includes operations in the U.S. and Canada. Our International Segment includes operations in Brazil, Chile, Colombia, Mexico and Peru, as well as our equity investment in SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC), a joint venture that conducts automobile finance operations in China.

Recently Adopted Accounting Standards

Effective January 1, 2018, we adopted ASU 2014-09, “Revenue from Contracts with Customers” (ASU 2014-09) as amended, as incorporated into Accounting Standards Codification (ASC) 606, on a modified retrospective basis by recognizing a cumulative effect adjustment of $33 million as an increase to the opening balance of retained earnings. Under the new standard, commission revenue and expenses related to certain retail finance receivables that were previously recognized as earned or incurred ratably over the term of the related receivables will now be recognized in full at the origination of the receivables.

Effective January 1, 2018, we adopted ASU 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" (ASU 2018-02). ASU 2018-02 provides the option to reclassify stranded tax effects related to the U.S. Tax Cuts and Jobs Act of 2017 in accumulated other comprehensive income to retained earnings. The cumulative effect of the adjustments to the opening balance of retained earnings for the adopted standard was insignificant.

Effective January 1, 2018, we adopted ASU 2017-12, "Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities" (ASU 2017-12), on a modified retrospective basis, which is intended to facilitate financial reporting that more closely reflects risk management activities and simplifies the application of hedge accounting. Changes to the new guidance include expanded disclosures regarding the types of risk management strategies eligible for hedge accounting, simplifying the documentation and effectiveness assessment requirements, changing how ineffectiveness is measured, and changing the presentation and disclosure requirements for hedge accounting activities. The cumulative effect of the adjustments to the opening balance of retained earnings for the adopted standard was insignificant.

The following change to our derivative accounting policy became effective upon adoption of ASU 2017-12:

Certain interest rate swap and foreign currency swap agreements have been designated as cash flow hedges. The risk being hedged is the foreign currency and interest rate risk related to forecasted transactions. If the contract has been designated as a cash flow hedge, the change in the fair value of the cash flow hedge is deferred in accumulated other comprehensive loss and is recognized in interest, operating and other expenses along with the earnings effect of the hedged item when the hedged item affects earnings.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Changes in the fair value of amounts excluded from the assessment of effectiveness are recorded currently in earnings and are presented in the same income statement line as the earnings effect of the hedged item.

Note 2. Related Party Transactions

We offer loan and lease finance products through GM-franchised dealers to customers purchasing new vehicles manufactured by GM and certain used vehicles and make commercial loans directly to GM-franchised dealers and their affiliates. We also offer commercial loans to dealers that are consolidated by GM and those balances are included in our finance receivables, net.

Under subvention programs, GM makes cash payments to us for offering incentivized rates and structures on retail loan and lease finance products. In addition, GM makes cash payments to us to cover certain interest payments on commercial loans. The balance in subvention receivable increased from December 31, 2017 due to a re-timing of cash payments from GM.

We purchase certain program vehicles from GM subsidiaries. We simultaneously lease these vehicles to those subsidiaries for use primarily in their ride-sharing arrangements. We account for these leases as direct-financing leases, which are included in our finance receivables, net.

We periodically purchase finance receivables from other GM subsidiaries for vehicles sold to rental car companies and for vehicles sold to certain dealerships. During the six months ended June 30, 2018, we purchased $280 million of these receivables from GM.

We have related party payables due to GM, primarily for commercial finance receivables originated but not yet funded.

The following tables present related party transactions:

Balance Sheet Data	June 30, 2018		December 31, 2017
Commercial finance receivables, net due from dealers consolidated by GM(a)	$	379	$	355
Direct-financing lease receivables from GM subsidiaries(a)	$	120	$	88
Subvention receivable(b)	$	735	$	306
Commercial loan funding payable(c)	$	75	$	90

	Three Months Ended June 30,				Six Months Ended June 30,
Income Statement Data	2018		2017		2018		2017
Interest subvention earned on retail finance receivables(d)	$	122	$	109	$	234	$	204
Interest subvention earned on commercial finance receivables(d)	$	15	$	13	$	33	$	28
Leased vehicle subvention earned(e)	$	813	$	754	$	1,611	$	1,460

_________________

(a) Included in finance receivables, net.

(b) Included in related party receivables. We received subvention payments from GM of $1.1 billion and $1.2 billion for the three months ended June 30, 2018 and 2017, and $1.7 billion and $2.2 billion for the six months ended June 30, 2018 and 2017.

(c) Included in related party payables.

(d) Included in finance charge income.

(e) Included as a reduction to leased vehicle expenses.

Under the support agreement with GM (the Support Agreement), if our earning assets leverage ratio at the end of any calendar quarter exceeds the applicable threshold set in the Support Agreement, we may require GM to provide funding sufficient to bring our earning assets leverage ratio to within the applicable threshold. In determining our earning assets leverage ratio (net earning assets divided by adjusted equity) under the Support Agreement, net earning assets means our finance receivables, net, plus leased vehicles, net, and adjusted equity means our equity, net of goodwill and inclusive of outstanding junior subordinated debt, as each may be adjusted for derivative accounting from time to time.

Additionally, the Support Agreement provides that GM will own all of our outstanding voting shares as long as we have any unsecured debt securities outstanding. GM also agreed to certain provisions in the Support Agreement intended to ensure that we maintain adequate access to liquidity. Pursuant to these provisions, GM provided us with a $1.0 billion junior subordinated unsecured intercompany revolving credit facility (the Junior Subordinated Revolving Credit Facility), and GM agreed to use commercially

5

GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

reasonable efforts to ensure that we will continue to be designated as a subsidiary borrower under GM's corporate revolving credit facilities.

On April 18, 2018, GM amended and restated its revolving credit facilities, consisting of a three-year, $4.0 billion facility and a five-year, $10.5 billion facility, and added a 364-day, $2.0 billion facility (the GM Revolving 364-Day Credit Facility). Also on April 18, 2018, we and GM amended the Support Agreement to, among other things, allow for irrevocable and exclusive access by us of no less than $2.0 billion of the GM Revolving 364-Day Credit Facility to support our liquidity. At June 30, 2018, we had no amounts borrowed under these facilities.

We are included in GM's consolidated U.S. federal income tax returns. For taxable income we recognize in any period beginning on or after October 1, 2010, we are obligated to pay GM for our share of the consolidated U.S. federal and certain state tax liabilities. Amounts owed to GM for income taxes are accrued and recorded as a related party payable. At June 30, 2018 and December 31, 2017, there are no related party taxes payable to GM.

Note 3. Finance Receivables

	June 30, 2018			December 31, 2017
Retail finance receivables
Retail finance receivables, collectively evaluated for impairment, net of fees	$	33,398		$	30,574
Retail finance receivables, individually evaluated for impairment, net of fees	2,277			2,228
Total retail finance receivables, net of fees(a)	35,675			32,802
Less: allowance for loan losses - collective	(508		)	(561		)
Less: allowance for loan losses - specific	(307		)	(328		)
Total retail finance receivables, net	34,860			31,913
Commercial finance receivables
Commercial finance receivables, collectively evaluated for impairment, net of fees	10,652			10,290
Commercial finance receivables, individually evaluated for impairment, net of fees	46			22
Total commercial finance receivables, net of fees	10,698			10,312
Less: allowance for loan losses - collective	(52		)	(50		)
Less: allowance for loan losses - specific	(6		)	(3		)
Total commercial finance receivables, net	10,640			10,259
Total finance receivables, net	$	45,500		$	42,172
Fair value of finance receivables	$	45,128		$	42,178

________________

(a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs of $184 million and $228 million at June 30, 2018 and December 31, 2017.

We estimate the fair value of retail finance receivables using observable and unobservable Level 3 inputs within a cash flow model. The inputs reflect assumptions regarding expected prepayments, deferrals, delinquencies, recoveries and charge-offs of the loans within the portfolio. The cash flow model produces an estimated amortization schedule of the finance receivables. The projected cash flows are then discounted to derive the fair value of the portfolio. Macroeconomic factors could affect the credit performance of the portfolio and, therefore, could potentially affect the assumptions used in our cash flow model. A substantial majority of our commercial finance receivables have variable interest rates. The carrying amount, a Level 2 input, is considered to be a reasonable estimate of fair value.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Retail Finance Receivables	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Allowance for retail loan losses beginning balance	$	858		$	823		$	889		$	765
Provision for loan losses	123			152			258			359
Charge-offs	(298		)	(272		)	(593		)	(570		)
Recoveries	145			142			268			285
Foreign currency translation	(13		)	(1		)	(7		)	5
Allowance for retail loan losses ending balance	$	815		$	844		$	815		$	844

Retail Credit Quality Our retail finance receivables portfolio includes loans made to consumers and businesses to finance the purchase of vehicles for personal and commercial use. We use proprietary scoring systems in the underwriting process that measure the credit quality of the receivables using several factors, such as credit bureau information, consumer credit risk scores (e.g. FICO score or its equivalent), and contract characteristics. We also consider other factors, such as employment history, financial stability and capacity to pay. A summary of the credit risk profile by FICO score band or equivalent scores, determined at origination, of the retail finance receivables is as follows:

	June 30, 2018				December 31, 2017
	Amount		Percent		Amount		Percent
Prime - FICO Score 680 and greater	$	19,751	55.4	%	$	16,892	51.5	%
Near-prime - FICO Score 620 to 679	5,618		15.7		5,226		15.9
Sub-prime - FICO Score less than 620	10,306		28.9		10,684		32.6
Balance at end of period	$	35,675	100.0	%	$	32,802	100.0	%

In addition, we review the credit quality of our retail finance receivables based on customer payment activity. A retail account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. Retail finance receivables are collateralized by vehicle titles and, subject to local laws, we generally have the right to repossess the vehicle in the event the customer defaults on the payment terms of the contract. The following is a consolidated summary of the contractual amounts of delinquent retail finance receivables, which is not significantly different than the recorded investment for such receivables.

	June 30, 2018				June 30, 2017
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31 - 60 days	$	1,178	3.3	%	$	1,076	3.4	%
Greater than 60 days	462		1.3		464		1.5
Total finance receivables more than 30 days delinquent	1,640		4.6		1,540		4.9
In repossession	57		0.1		43		0.2
Total finance receivables more than 30 days delinquent or in repossession	$	1,697	4.7	%	$	1,583	5.1	%

At June 30, 2018 and December 31, 2017, the accrual of finance charge income had been suspended on retail finance receivables with contractual amounts due of $822 million and $778 million.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Impaired Retail Finance Receivables - TDRs Retail finance receivables that become classified as troubled debt restructurings (TDRs) are separately assessed for impairment. A specific allowance is estimated based on the present value of the expected future cash flows of the receivable discounted at the loan's original effective interest rate. Accounts that become classified as TDRs because of a payment deferral accrue interest at the contractual rate and an additional fee is collected (where permitted) at each time of deferral and recorded as a reduction of accrued interest. No interest or fees are forgiven on a payment deferral to a customer; therefore, there are no additional financial effects of deferred loans becoming classified as TDRs. Accounts in the U.S. in Chapter 13 bankruptcy would have already been placed on non-accrual; therefore, there are no additional financial effects from these loans becoming classified as TDRs. Finance charge income from loans classified as TDRs is accounted for in the same manner as other accruing loans. Cash collections on these loans are allocated according to the same payment hierarchy methodology applied to loans that are not classified as TDRs.

The outstanding recorded investment for retail finance receivables that are considered to be TDRs and the related allowance is presented below:

	June 30, 2018			December 31, 2017
Outstanding recorded investment	$	2,277		$	2,228
Less: allowance for loan losses	(307		)	(328		)
Outstanding recorded investment, net of allowance	$	1,970		$	1,900
Unpaid principal balance	$	2,313		$	2,266

Additional information about loans classified as TDRs is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Average outstanding recorded investment	$	2,238	$	1,985	$	2,253	$	1,966
Finance charge income recognized	$	62	$	57	$	126	$	117
Number of loans classified as TDRs during the period	19,662		17,364		33,096		33,838
Recorded investment of loans classified as TDRs during the period	$	360	$	302	$	613	$	590

The unpaid principal balances, net of recoveries, of loans that were charged off during the reporting period and were within 12 months of being modified as a TDR were insignificant for the three and six months ended June 30, 2018 and 2017.

Commercial Finance Receivables

Commercial Credit Quality Our commercial finance receivables consist of dealer financings, primarily for inventory purchases. Proprietary models are used to assign a risk rating to each dealer. We perform periodic credit reviews of each dealership and adjust the dealership's risk rating, if necessary. Dealers in Group VI are subject to additional restrictions on funding, including suspension of lines of credit and liquidation of assets. The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables:

			June 30, 2018				December 31, 2017
			Amount		Percent		Amount		Percent
Group I	-	Dealers with superior financial metrics	$	1,971	18.4	%	$	1,915	18.6	%
Group II	-	Dealers with strong financial metrics	4,031		37.7		3,584		34.7
Group III	-	Dealers with fair financial metrics	3,192		29.8		3,424		33.2
Group IV	-	Dealers with weak financial metrics	1,001		9.4		1,048		10.2
Group V	-	Dealers warranting special mention due to elevated risks	426		4.0		260		2.5
Group VI	-	Dealers with loans classified as substandard, doubtful or impaired	77		0.7		81		0.8
Balance at end of period			$	10,698	100.0	%	$	10,312	100.0	%

At June 30, 2018 and December 31, 2017, substantially all of our commercial finance receivables were current with respect to payment status. Commercial finance receivables on non-accrual status were insignificant, and none were classified as TDRs. Activity in the allowance for commercial loan losses was insignificant for the three and six months ended June 30, 2018 and 2017.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Note 4. Leased Vehicles

	June 30, 2018			December 31, 2017
Leased vehicles	$	64,561		$	62,203
Manufacturer subvention	(9,782		)	(9,468		)
	54,779			52,735
Less: accumulated depreciation	(10,725		)	(9,853		)
Leased vehicles, net	$	44,054		$	42,882

The following table summarizes minimum rental payments due to us as lessor under operating leases at June 30, 2018:

	Years Ending December 31,
	2018		2019		2020		2021		2022		Thereafter		Total
Minimum rental payments under operating leases	$	3,650	$	5,709	$	2,981	$	667	$	52	$	2	$	13,061

Note 5. Equity in Net Assets of Non-consolidated Affiliate

We use the equity method to account for our equity interest in SAIC-GMAC, a joint venture that conducts auto finance operations in China. The income of SAIC-GMAC is not consolidated into our financial statements; rather, our proportionate share of the earnings is reflected as equity income.

	Three Months Ended June 30,				Six Months Ended June 30,
Summarized Operating Data(a)	2018		2017		2018		2017
Finance charge income	$	315	$	256	$	622	$	514
Provision for loan losses	$	6	$	4	$	9	$	(11	)
Interest expense	$	132	$	82	$	256	$	158
Income before income taxes	$	171	$	155	$	369	$	333
Net income	$	129	$	116	$	277	$	250

_________________

(a) This data represents that of the entire entity and not our 35% proportionate share.

During the sixmonths endedJune 30, 2018 and 2017, there were no dividends received from SAIC-GMAC. At June 30, 2018 and December 31, 2017, we had undistributed earnings of $412 million and $315 million related to SAIC-GMAC.

Note 6. Debt

	June 30, 2018				December 31, 2017
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt
Revolving credit facilities	$	2,945	$	2,949	$	4,694	$	4,713
Securitization notes payable	36,138		36,075		35,193		35,235
Total secured debt	39,083		39,024		39,887		39,948
Unsecured debt
Senior notes	40,916		41,400		36,820		37,969
Credit facilities	2,095		2,095		2,368		2,375
Other unsecured debt	2,346		2,350		1,642		1,645
Total unsecured debt	45,357		45,845		40,830		41,989
Total secured and unsecured debt	$	84,440	$	84,869	$	80,717	$	81,937
Fair value utilizing Level 2 inputs			$	82,604			$	79,623
Fair value utilizing Level 3 inputs			$	2,265			$	2,314

9

GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The fair value of our debt measured utilizing Level 2 inputs was based on quoted market prices for identical instruments and if unavailable, quoted market prices of similar instruments. For debt with original maturity or revolving period of eighteen months or less, par value is considered to be a reasonable estimate of fair value. The fair value of our debt measured utilizing Level 3 inputs was based on the discounted future net cash flows expected to be settled using current risk-adjusted rates.

Secured Debt Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged assets. Refer to Note 7 for further discussion.

During the six months ended June 30, 2018, we entered into new credit facilities or renewed credit facilities with a total net additional borrowing capacity of $161 million, and we issued $10.3 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 2.81% and legal final maturity dates ranging from 2022 to 2025.

Unsecured DebtDuring the six months ended June 30, 2018, we issued $7.0 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 3.12% and maturity dates ranging from 2021 to 2028.

General Motors Financial Company, Inc. is the sole guarantor of its subsidiaries' obligations under the senior unsecured notes that require a guarantee.

Compliance with Debt CovenantsSeveral of our revolving credit facilities require compliance with certain financial and operational covenants as well as regular reporting to lenders, including providing certain subsidiary financial statements. Certain of our secured debt agreements also contain various covenants, including maintaining portfolio performance ratios as well as limits on deferment levels. Our unsecured senior notes contain covenants including limitations on our ability to incur certain liens. At June 30, 2018, we were in compliance with these debt covenants.

Note 7. Variable Interest Entities

Securitizations and Credit Facilities The following table summarizes the assets and liabilities related to our consolidated VIEs:

	June 30, 2018		December 31, 2017
Restricted cash(a)	$	2,488	$	2,267
Finance receivables, net of fees	$	28,495	$	28,364
Lease related assets	$	21,831	$	22,222
Secured debt	$	38,823	$	39,328

_______________

(a) Included in other assets.

These amounts are related to securitization and credit facilities held by consolidated VIEs. Our continuing involvement with these VIEs consists of servicing assets held by the entities and holding residual interests in the entities. We have determined that we are the primary beneficiary of each VIE because we hold both (i) the power to direct the activities of the VIEs that most significantly impact the VIEs' economic performance and (ii) the obligation to absorb losses from and the right to receive benefits of the VIEs that could potentially be significant to the VIEs. We are not required, and do not currently intend, to provide any additional financial support to these VIEs. Liabilities recognized as a result of consolidating these entities generally do not represent claims against us or our other subsidiaries and assets recognized generally are for the benefit of these entities operations and cannot be used to satisfy our or our other subsidiaries' obligations.

10

GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Note 8. Derivative Financial Instruments and Hedging Activities

We are exposed to certain risks arising from both our business operations and economic conditions. We manage economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of our assets and liabilities and the use of derivative financial instruments. Specifically, we enter into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our derivative financial instruments are used to manage differences in the amount, timing, and duration of our known or expected cash receipts and our known or expected cash payments principally related to our borrowings.

Certain of our foreign operations expose us to fluctuations of foreign interest rates and exchange rates. We primarily finance our earning assets with debt in the same currency to minimize the impact to earnings from our exposure to fluctuations in exchange rates. When we use a different currency, these fluctuations may impact the value of our cash receipts and payments in terms of our functional currency. We enter into derivative financial instruments to protect the value or fix the amount of certain assets and liabilities in terms of the relevant functional currency. The table below presents the gross amounts of fair value of our derivative instruments and the associated notional amounts:

	June 30, 2018						December 31, 2017
	Notional		Fair Value of Assets(a)		Fair Value of Liabilities(a)		Notional		Fair Value of Assets(a)		Fair Value of Liabilities(a)
Derivatives designated as hedges
Fair value hedges
Interest rate contracts	$	11,154	$	2	$	460	$	11,110	$	2	$	290
Cash flow hedges
Interest rate contracts	1,108		14		—		2,177		15		—
Foreign currency swaps	2,122		95		36		1,574		103		—
Derivatives not designated as hedges
Interest rate contracts	89,753		534		563		81,938		329		207
Foreign currency swaps	1,884		61		46		1,201		104		—
Total(b)	$	106,021	$	706	$	1,105	$	98,000	$	553	$	497

_________________

(a) The gross amounts of the fair value of our assets and liabilities are included in other assets and other liabilities, respectively. Amounts accrued for interest payments in a net receivable position are included in other assets. All our derivatives are categorized within Level 2 of the fair value hierarchy. The fair value for Level 2 instruments was derived using the market approach based on observable market inputs including quoted prices of similar instruments and foreign exchange and interest rate forward curves.

(b) We primarily enter into derivatives contracts through AmeriCredit Financial Services, Inc. (AFSI); however our SPEs may also be parties to derivative transactions. Agreements between AFSI and its derivative counterparties include rights of setoff for positions with offsetting values or for collateral held or posted. At June 30, 2018 and December 31, 2017, the fair value of assets and liabilities available for offset was $463 million and $284 million. At June 30, 2018 and December 31, 2017, we held $57 million and $25 million and posted $593 million and $299 million of collateral available for netting.

As of June 30, 2018, the following amounts were recorded in the condensed consolidated balance sheet related to items designated and qualifying as hedged items in fair value hedging relationships:

	June 30, 2018
	Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)
Unsecured debt	$	15,452	$	685

_________________

(a) Includes $167 million of hedging adjustment remaining on hedged items for which hedge accounting has been discontinued.

11

GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

The table below presents the effect of our derivative financial instruments in the condensed consolidated statement of income for the three and six months ended June 30, 2018:

	Income (Losses) Recognized In Income
	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
	Interest Expense(a)			Other Operating Expenses(b)			Interest Expense(a)			Other Operating Expenses(b)
Fair value hedges
Hedged items	$	69		$	—		$	277		$	—
Interest rate contracts	(76		)	—			(286		)	—
Cash flow hedges
Interest rate contracts	3			—			7			—
Foreign currency contracts	(13		)	(92		)	(22		)	(68		)
Derivatives not designated as hedges
Interest rate contracts	(1		)	—			5			—
Foreign currency contracts	(13		)	(109		)	(20		)	(87		)
Total	$	(31	)	$	(201	)	$	(39	)	$	(155	)

_________________

(a) Total interest expense was $803 million and $1,535 million for the three and six months ended June 30, 2018.

(b) Activity is offset by translation activity also recorded in other operating expenses related to foreign currency-denominated loans. Total other operating expense was $159 million and $303 million for the three and six months ended June 30, 2018.

The table below presents the effect of our derivative financial instruments in the condensed consolidated statement of income for the three and six months ended June 30, 2017:

	Income (Losses) Recognized In Income
	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017
Fair value hedges
Interest rate contracts(a)(b)	$	18		$	29
Cash flow hedges
Interest rate contracts(a)	1			(1		)
Foreign currency contracts(c)	49			55
Derivatives not designated as hedges
Interest rate contracts(a)	(4		)	(9		)
Foreign currency contracts(c)(d)	42			35
Total	$	106		$	109

_________________

(a) Recognized in earnings as interest expense.

(b) Includes hedge ineffectiveness which reflects the net change in the fair value of interest rate contracts offset by the change in fair value of hedged debt attributable to the hedged risk.

(c) Recognized in earnings as other operating expenses and interest expense.

(d) Activity is partially offset by translation activity (included in other operating expenses) related to foreign currency-denominated loans.

12

GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	Gains (Losses) Recognized In Accumulated Other Comprehensive Loss
	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Cash flow hedges
Interest rate contracts	$	1		$	(1	)	$	5		$	1
Foreign currency contracts	(58		)	24			(40		)	21
Total	$	(57	)	$	23		$	(35	)	$	22

	Gains (Losses) Reclassified From Accumulated Other Comprehensive Loss Into Income											Location of Amounts Reclassified from Accumulated OCI
	Three Months Ended June 30,					Six Months Ended June 30,
	2018		2017			2018			2017
Cash flow hedges
Interest rate contracts	$	—	$	—		$	(3	)	$	1		Interest expense
Foreign currency contracts	74		(30		)	56			(34		)	Interest expense
Total	$	74	$	(30	)	$	53		$	(33	)

Note 9. Commitments and Contingencies

Guarantees of Indebtedness At June 30, 2018 and December 31, 2017, we guaranteed approximately $1.2 billion and $2.0 billion in aggregate principal amount of Euro Medium Term Notes issued by General Motors Financial International B.V., our former subsidiary, pursuant to our Euro Medium Term Note Programme. Subject to the terms and conditions of a letter agreement entered into with BNP Paribas in connection with the sale of certain of our European Operations on October 31, 2017, BNP Paribas has agreed to pay to us any amount that we may pay under any such guarantees.

Legal ProceedingsWe are subject to various pending and potential legal and regulatory proceedings in the ordinary course of business, including litigation, arbitration, claims, investigations, examinations, subpoenas and enforcement proceedings. Some litigation against us could take the form of class actions. The outcome of these proceedings is inherently uncertain, and thus we cannot confidently predict how or when proceedings will be resolved. An adverse outcome in one or more of these proceedings could result in substantial damages, settlements, fines, penalties, diminished income or reputational harm. We identify below the material proceedings in connection with which we believe a material loss is reasonably possible or probable.

In accordance with the current accounting standards for loss contingencies, we establish reserves for legal matters when it is probable that a loss associated with the matter has been incurred and the amount of the loss can be reasonably estimated. The actual costs of resolving legal matters may be higher or lower than any amounts reserved for these matters. At June 30, 2018, we estimated our reasonably possible legal exposure for unfavorable outcomes is up to $56 million, and have accrued $18 million.

In 2014 and 2015, we were served with investigative subpoenas from various state attorneys general and other governmental offices to produce documents and data relating to our automobile loan and lease business and securitization of loans and leases. We believe that we have cooperated fully with all reasonable requests for information.We are currently unable to estimate any reasonably possible loss or range of loss that may result from these investigations.

Other Administrative Tax MattersWe accrue non-income tax liabilities for contingencies when management believes that a loss is probable and the amounts can be reasonably estimated, while contingent gains are recognized only when realized. In the event any losses are sustained in excess of accruals, they will be charged against income at that time.

In evaluating indirect tax matters, we take into consideration factors such as our historical experience with matters of similar nature, specific facts and circumstances, and the likelihood of prevailing. We reevaluate and update our accruals as matters progress over time. Where there is a reasonable possibility that losses exceeding amounts already recognized may be incurred, our estimate of the additional range of loss is up to $16 millionas ofJune 30, 2018.

13

GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Note 10. Shareholders' Equity

At June 30, 2018 and December 31, 2017, we had 250 million shares of preferred stock and 10 million shares of common stock authorized for issuance. At June 30, 2018 and December 31, 2017, we had 1.0 million shares of Series A Preferred Stock and 5.05 million shares of common stock issued and outstanding. On March 30, 2018, we paid a dividend of $30.4 million at $30.35 per share of Series A Preferred Stock to holders of record of Series A Preferred Stock as of March 15, 2018.

The following table summarizes the significant components of accumulated other comprehensive loss:

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Unrealized gain on cash flow hedges
Beginning balance	$	17		$	13		$	16		$	17
Change in value of cash flow hedges, net of tax	17			(7		)	18			(11		)
Ending balance	34			6			34			6
Defined benefit plans
Beginning balance	1			(20		)	1			(20		)
Unrealized gain (loss) on subsidiary pension, net of tax	—			(1		)	—			(1		)
Ending balance	1			(21		)	1			(21		)
Foreign currency translation adjustment
Beginning balance	(726		)	(1,141		)	(785		)	(1,235		)
Translation (loss) gain, net of tax	(245		)	104			(186		)	198
Ending balance	(971		)	(1,037		)	(971		)	(1,037		)
Total accumulated other comprehensive loss	$	(936	)	$	(1,052	)	$	(936	)	$	(1,052	)

Note 11. Income Taxes

For interim income tax reporting we estimate our annual effective tax rate and apply it to our year-to-date ordinary income. Tax jurisdictions with a projected or year-to-date loss for which a tax benefit cannot be realized are excluded from the annualized effective tax rate. The tax effects of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, are reported in the interim period in which they occur.

During the three and sixmonths endedJune 30, 2018, income tax expense of $94 million and $168 million primarily resulted from tax expense attributable to entities included in our effective tax rate calculation. During the three and sixmonths endedJune 30, 2017, income tax expense of $86 million and $136 million primarily resulted from tax expense attributable to entities included in our effective tax rate calculation.

We are included in GM’s consolidated U.S. federal income tax return and for certain states’ income tax returns. Net operating losses and certain tax credits generated by us have been utilized by GM; however, income tax expense and deferred tax balances are presented in these financial statements as if we filed our own tax returns in each jurisdiction.

On December 22, 2017, the U.S. Tax Cuts and Jobs Act of 2017 (the Act) was signed into law. The Act changed many aspects of U.S. corporate income taxation, including the reduction of the corporate income tax rate from 35% to 21%, implementation of a territorial tax system and imposition of a tax on deemed repatriated earnings of foreign subsidiaries. At December 31, 2017, we had not completed our accounting for the tax effects of enactment of the Act; however, we made a reasonable estimate of the effects on our existing deferred tax balances and the one-time transition tax. We will continue to assess our provision for income taxes as future guidance is issued, but do not currently anticipate significant revisions will be necessary. Any such revisions will be treated in accordance with the measurement period guidance outlined in Staff Accounting Bulletin No. 118. As of June 30, 2018, no material amounts have been identified.

14

GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

Note 12. Discontinued Operations

On October 31, 2017, we completed the sale of certain of our European Operations to Banque PSA Finance S.A. and BNP Paribas Personal Finance S.A. Refer to Note 2 - "Discontinued Operations" to our consolidated financial statements in our Form 10-K for further discussion of the terms of the agreement.

The following table summarizes the results of operations of the European Operations:

	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017
Total revenue	$	143		$	274
Interest expense	23			46
Other expenses	79			156
Total costs and expenses	102			202
Income from discontinued operations before income taxes	41			72
Loss on sale of discontinued operations before income taxes	336			336
Loss from discontinued operations before income taxes	(295		)	(264		)
Income tax benefit	(87		)	(79		)
Loss from discontinued operations, net of tax	$	(208	)	$	(185	)

Note 13. Segment Reporting

Our chief operating decision maker evaluates the operating results and performance of our business based on our North America and International operating segments. The management of each segment is responsible for executing our strategies. As discussed in Note 1, our European Operations are presented as discontinued operations and are excluded from our segment results for the three and six months ended June 30, 2017. These operations were previously included in our International Segment. Key operating data for our operating segments were as follows:

	Three Months Ended June 30, 2018
	North America		International		Total
Total revenue	$	3,180	$	308	$	3,488
Operating expenses	276		106		382
Leased vehicle expenses	1,675		9		1,684
Provision for loan losses	90		38		128
Interest expense	685		118		803
Equity income	—		45		45
Income from continuing operations before income taxes	$	454	$	82	$	536

	Three Months Ended June 30, 2017
	North America		International		Total
Total revenue	$	2,700	$	290	$	2,990
Operating expenses	253		80		333
Leased vehicle expenses	1,543		6		1,549
Provision for loan losses	133		25		158
Interest expense	497		138		635
Equity income	—		41		41
Income from continuing operations before income taxes	$	274	$	82	$	356

15

GENERAL MOTORS FINANCIAL COMPANY, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)

	Six Months Ended June 30, 2018
	North America		International		Total
Total revenue	$	6,265	$	634	$	6,899
Operating expenses	547		200		747
Leased vehicle expenses	3,453		18		3,471
Provision for loan losses	187		77		264
Interest expense	1,282		253		1,535
Equity income	—		97		97
Income from continuing operations before income taxes	$	796	$	183	$	979

	Six Months Ended June 30, 2017
	North America		International		Total
Total revenue	$	5,174	$	564	$	5,738
Operating expenses	501		162		663
Leased vehicle expenses	2,969		9		2,978
Provision for loan losses	320		49		369
Interest expense	952		279		1,231
Equity income	—		88		88
Income from continuing operations before income taxes	$	432	$	153	$	585

	June 30, 2018						December 31, 2017
	North America		International		Total		North America		International		Total
Finance receivables, net	$	39,254	$	6,246	$	45,500	$	35,436	$	6,736	$	42,172
Leased vehicles, net	$	43,907	$	147	$	44,054	$	42,753	$	129	$	42,882
Total assets	$	93,619	$	8,939	$	102,558	$	87,618	$	9,397	$	97,015

Note 14. Regulatory Capital and Other Regulatory Matters

We are required to comply with a wide variety of laws and regulations. Certain of our entities operate in international markets as either banks or regulated finance companies that are subject to regulatory restrictions. These regulatory restrictions, among other things, require that certain of these entities meet minimum capital requirements and may restrict dividend distributions and ownership of certain assets. We were in compliance with all regulatory capital requirements as most recently reported. Total assets of our regulated international banks and finance companies were approximately $7.2 billion and $7.8 billion at June 30, 2018 and December 31, 2017.

16

GENERAL MOTORS FINANCIAL COMPANY, INC.

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Basis of Presentation This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) should be read in conjunction with the accompanying condensed consolidated financial statements and the audited consolidated financial statements and notes thereto included in our 2017 Form 10-K.

The European Operations are presented as discontinued operations in our condensed consolidated financial statements for the three and six months ended June 30, 2017. Unless otherwise indicated, information in this report relates to our continuing operations.

Forward-looking statements in this MD&A are not guarantees of future performance and may involve risks and uncertainties that could cause actual results to differ materially from those projected. Refer to the "Forward-Looking Statements" section of this MD&A and the "Risk Factors" section of our 2017 Form 10-K for a discussion of these risks and uncertainties. Except as otherwise specified, dollar amounts presented within tables are stated in millions. Average balances are calculated using daily balances, where available. Otherwise, average balances are calculated using monthly balances.

Results of Operations

Three Months Ended June 30, 2018 compared to Three Months Ended June 30, 2017

Average Earning Assets	Three Months Ended June 30,				2018 vs. 2017 Change
	2018		2017		Amount			Percentage
Average retail finance receivables	$	35,081	$	30,432	$	4,649		15.3	%
Average commercial finance receivables	10,333		9,074		1,259			13.9	%
Average finance receivables	45,414		39,506		5,908			15.0	%
Average leased vehicles, net	43,805		38,368		5,437			14.2	%
Average earning assets	$	89,219	$	77,874	$	11,345		14.6	%
Retail finance receivables purchased	$	6,051	$	5,253	$	798		15.2	%
Leased vehicles purchased	$	6,201	$	6,751	$	(550	)	(8.1	)%

Average finance receivables increased due to the volume of new loan originations in excess of principal collections and payoffs. Average commercial finance receivables increased due primarily to an increase in our GM-franchised dealer commercial lending relationships. The increase in average leased vehicles, net primarily resulted from our exclusive lease subvention arrangement in the U.S. with GM, which began in early calendar 2015. Our retail penetration in North America increased to 43% for the three months ended June 30, 2018 from 41% for the corresponding period in 2017, primarily due to further alignment with GM and greater dealer engagement.

Revenue	Three Months Ended June 30,						2018 vs. 2017 Change
	2018			2017			Amount		Percentage
Finance charge income
Retail finance receivables	$	754		$	709		$	45	6.3	%
Commercial finance receivables	$	130		$	103		$	27	26.2	%
Leased vehicle income	$	2,497		$	2,107		$	390	18.5	%
Other income	$	107		$	71		$	36	50.7	%
Equity income	$	45		$	41		$	4	9.8	%
Effective yield - retail finance receivables	8.6		%	9.3		%
Effective yield - commercial finance receivables	5.0		%	4.6		%

Finance charge income on retail finance receivables increased due to growth in the portfolio, partially offset by a decrease in effective yield. The effective yield on our retail finance receivables decreased due primarily to increased lending to borrowers with prime credit. The effective yield represents finance charges and fees recorded in earnings during the period as a percentage of average retail finance receivables. The effective yield, as a percentage of average retail finance receivables, is higher than the contractual rates of our auto finance contracts primarily because the effective yield includes, in addition to the contractual rates and fees, the impact of rate subvention provided by GM.

17

GENERAL MOTORS FINANCIAL COMPANY, INC.

Finance charge income on commercial finance receivables increased due to growth in the portfolio, including an increase in the number of dealers in our floorplan program, and due to an increase in the effective yield resulting from rising benchmark interest rates.

The increase in leased vehicle income reflects the growth of the leased asset portfolio.

The increase in other income is primarily due to (1) $16 million increase in investment income due to rising benchmark rates and (2) $14 million in revenue related to the administration of a vehicle purchase program, which is substantially offset in other operating expenses.

Costs and Expenses	Three Months Ended June 30,						2018 vs. 2017 Change
	2018			2017			Amount			Percentage
Operating expenses	$	382		$	333		$	49		14.7	%
Leased vehicle expenses	$	1,684		$	1,549		$	135		8.7	%
Provision for loan losses	$	128		$	158		$	(30	)	(19.0	)%
Interest expense	$	803		$	635		$	168		26.5	%
Average debt outstanding	$	83,714		$	73,728		$	9,986		13.5	%
Effective rate of interest on debt	3.8		%	3.5		%

Operating Expenses The increase in operating expenses relates to the growth in earning assets and investments to support origination and servicing capabilities in the U.S. Operating expenses as an annualized percentage of average earning assets was 1.7% for the three months ended June 30, 2018 and 2017.

Leased Vehicle Expenses Leased vehicle expenses, which are primarily comprised of depreciation of leased vehicles, increased due to the growth of the leased asset portfolio, offset by increased gains on sales of vehicles under terminated leases.

Provision for Loan Losses As an annualized percentage of average retail finance receivables, the provision for retail loan losses decreased to 1.4% for the threemonths endedJune 30, 2018 from 2.0% for the threemonths endedJune 30, 2017, due primarily to a decrease in the loss confirmation period as well as an increase in our recovery rate forecast on repossessed vehicles. The loss confirmation period change resulted from a shift in the credit mix of the portfolio to a larger percentage of prime loans. The loss confirmation period represents the average amount of time between when a loss event first occurs to when the receivable is charged off. The recovery rate forecast change reflects stronger than expected wholesale auction values for the six months ended June 30, 2018. The provision for commercial loan losses was insignificant for the three months ended June 30, 2018 and 2017.

Interest Expense Interest expense increased due primarily to an increase in the average debt outstanding resulting from growth in the loan and lease portfolios as well as rising benchmark rates.

Taxes Our consolidated effective income tax rate was 19.1% and 27.3% of income before income taxes and equity income for the three months ended June 30, 2018 and 2017. The decrease in the effective income tax rate is due primarily to a favorable impact from the U.S. tax reform legislation.

Other Comprehensive Income

Foreign Currency Translation Adjustment Foreign currency translation adjustments included in other comprehensive (loss) income were $(245) million and $104 million for the three months ended June 30, 2018 and 2017. Translation adjustments resulted from changes in the values of our international currency-denominated assets and liabilities as the value of the U.S. Dollar changed in relation to international currencies, particularly the Brazilian Real and the Mexican Peso.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

Six Months Ended June 30, 2018 compared to Six Months Ended June 30, 2017

Average Earning Assets	Six Months Ended June 30,				2018 vs. 2017 Change
	2018		2017		Amount			Percentage
Average retail finance receivables	$	34,253	$	28,960	$	5,293		18.3	%
Average commercial finance receivables	10,177		8,520		1,657			19.4	%
Average finance receivables	44,430		37,480		6,950			18.5	%
Average leased vehicles, net	43,498		37,055		6,443			17.4	%
Average earning assets	$	87,928	$	74,535	$	13,393		18.0	%
Retail finance receivables purchased	$	11,129	$	10,860	$	269		2.5	%
Leased vehicles purchased	$	11,913	$	13,024	$	(1,111	)	(8.5	)%

Average retail finance receivables increased due to the volume of new loan originations in excess of principal collections and payoffs. Average commercial finance receivables increased due primarily to an increase in our GM-franchised dealer commercial lending relationships. The increase in average leased vehicles, net primarily resulted from our exclusive lease subvention arrangement in the U.S. with GM, which began in early calendar 2015. Our retail penetration in North America decreased to 43% for the six months ended June 30, 2018 from 44% for the corresponding period in 2017, primarily due to decreased GM lease sales mix.

Revenue	Six Months Ended June 30,						2018 vs. 2017 Change
	2018			2017			Amount		Percentage
Finance charge income
Retail finance receivables	$	1,496		$	1,374		$	122	8.9	%
Commercial finance receivables	$	254		$	190		$	64	33.7	%
Leased vehicle income	$	4,944		$	4,038		$	906	22.4	%
Other income	$	205		$	136		$	69	50.7	%
Equity income	$	97		$	88		$	9	10.2	%
Effective yield - retail finance receivables	8.8		%	9.6		%
Effective yield - commercial finance receivables	5.0		%	4.5		%

Finance charge income on retail finance receivables increased due to growth in the portfolio, partially offset by a decrease in effective yield. The effective yield on our retail finance receivables decreased due primarily to increased lending to borrowers with prime credit. The effective yield represents finance charges and fees recorded in earnings during the period as a percentage of average retail finance receivables. The effective yield, as a percentage of average retail finance receivables, is higher than the contractual rates of our auto finance contracts primarily because the effective yield includes, in addition to the contractual rates and fees, the impact of rate subvention provided by GM.

Finance charge income on commercial finance receivables increased due to growth in the portfolio, including an increase in the number of dealers in our floorplan program, and due to an increase in the effective yield resulting from rising benchmark interest rates.

The increase in leased vehicle income reflects the growth of the leased asset portfolio.

The increase in other income is primarily due to (1) $26 million increase in investment income due to rising benchmark rates, (2) $26 million increase in insurance revenue primarily due to a change in the timing of the recognition of commissions and (3) $14 million in revenue related to the administration of a vehicle purchase program, which is substantially offset in other operating expenses.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

Costs and Expenses	Six Months Ended June 30,						2018 vs. 2017 Change
	2018			2017			Amount			Percentage
Operating expenses	$	747		$	663		$	84		12.7	%
Leased vehicle expenses	$	3,471		$	2,978		$	493		16.6	%
Provision for loan losses	$	264		$	369		$	(105	)	(28.5	)%
Interest expense	$	1,535		$	1,231		$	304		24.7	%
Average debt outstanding	$	82,611		$	70,399		$	12,212		17.3	%
Effective rate of interest on debt	3.7		%	3.5		%

Operating Expenses The increase in operating expenses relates to the growth in earning assets and investments to support origination and servicing capabilities in the U.S. Operating expenses as an annualized percentage of average earning assets decreased to 1.7% from 1.8% for the six months ended June 30, 2018, compared to the six months ended June 30, 2017, due primarily to efficiency gains achieved through higher earning asset levels.

Leased Vehicle Expenses Leased vehicle expenses, which are primarily comprised of depreciation of leased vehicles, increased due to the growth of the leased asset portfolio, partially offset by increased gains on sales of vehicles under terminated leases.

Provision for Loan Losses As an annualized percentage of average retail finance receivables, the provision for retail loan losses decreased to 1.5% for the six months ended June 30, 2018 from 2.5% for the six months ended June 30, 2017, due primarily to a decrease in the loss confirmation period as well as an increase in our recovery rate forecast on repossessed vehicles. The loss confirmation period change resulted from a shift in the credit mix of the portfolio to a larger percentage of prime loans. The loss confirmation period represents the average amount of time between when a loss event first occurs to when the receivable is charged off. The recovery rate forecast change reflects stronger than expected wholesale auction values for the six months ended June 30, 2018. The provision for commercial loan losses was insignificant for the six months ended June 30, 2018 and 2017.

Interest Expense Interest expense increased due primarily to an increase in the average debt outstanding resulting from growth in the loan and lease portfolios as well as rising benchmark rates.

Taxes Our consolidated effective income tax rate was 19.0% and 27.4% of income before income taxes and equity income for the six months ended June 30, 2018 and 2017. The decrease in the effective income tax rate is due primarily to a favorable impact from the U.S. tax reform legislation.

Other Comprehensive Income

Foreign Currency Translation Adjustment Foreign currency translation adjustments included in other comprehensive (loss) income were $(186) million and $198 million for the six months ended June 30, 2018 and 2017. Translation adjustments resulted from changes in the values of our international currency-denominated assets and liabilities as the value of the U.S. Dollar changed in relation to international currencies, particularly the Brazilian Real and the Mexican Peso.

Earning Asset Quality

Retail Finance Receivables	June 30, 2018			December 31, 2017
Retail finance receivables, net of fees	$	35,675		$	32,802
Less: allowance for loan losses	(815		)	(889		)
Retail finance receivables, net	$	34,860		$	31,913
Number of outstanding contracts	2,433,400			2,308,826
Average amount of outstanding contracts (in dollars)(a)	$	14,661		$	14,207
Allowance for loan losses as a percentage of retail finance receivables, net of fees	2.3		%	2.7		%

_________________ 

(a) Average amount of outstanding contracts consists of retail finance receivables, net of fees, divided by number of outstanding contracts.

At June 30, 2018, the allowance for loan losses as a percentage of retail finance receivables, net of fees, decreased from the level at December 31, 2017 due primarily to a decrease in the loss confirmation period as well as an increase in our recovery rate forecast on repossessed vehicles. The loss confirmation period change resulted from a shift in the credit mix of the portfolio to a larger percentage of prime loans. The loss confirmation period represents the average amount of time between when a loss event first occurs to when the receivable is charged off. The recovery rate forecast change reflects stronger than expected wholesale auction values for the six months ended June 30, 2018.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

Delinquency The following is a consolidated summary of the contractual amounts of delinquent retail finance receivables:

	June 30, 2018				June 30, 2017
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31 - 60 days	$	1,178	3.3	%	$	1,076	3.4	%
Greater than 60 days	462		1.3		464		1.5
Total finance receivables more than 30 days delinquent	1,640		4.6		1,540		4.9
In repossession	57		0.1		43		0.2
Total finance receivables more than 30 days delinquent or in repossession	$	1,697	4.7	%	$	1,583	5.1	%

Overall, delinquency continues to improve due primarily to the continued shift in credit mix to prime credit.

TDRs Refer to Note 3 to our condensed consolidated financial statements for further discussion of TDRs.

Deferrals In accordance with our policies and guidelines, we, at times, offer payment deferrals to retail consumers, whereby the borrower is allowed to move up to two delinquent payments to the end of the loan generally by paying a fee (approximately the interest portion of the payment deferred, except where state law provides for a lesser amount). Our policies and guidelines limit the number and frequency of deferments that may be granted. Additionally, we generally limit the granting of deferments on new accounts until a requisite number of payments have been received. Contracts receiving a payment deferral as an average quarterly percentage of average retail finance receivables outstanding were 4.4% and 3.7% for the three and sixmonths endedJune 30, 2018 and 4.1% and 4.2% for the three and sixmonths endedJune 30, 2017.

Net Charge-offs The following table presents charge-off data with respect to our retail finance receivables portfolio:

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Charge-offs	$	298		$	272		$	593		$	570
Less: recoveries	(145		)	(142		)	(268		)	(285		)
Net charge-offs	$	153		$	130		$	325		$	285
Net charge-offs as an annualized percentage(a)	1.7		%	1.7		%	1.9		%	2.0		%

_________________ 

(a) Net charge-offs as an annualized percentage is calculated as a percentage of average retail finance receivables.

The recovery rate as a percentage of gross repossession charge-offs in North America was 52.3% and 51.7% for the three and sixmonths endedJune 30, 2018 and 53.9% and 52.7% for the three and sixmonths endedJune 30, 2017. We revised our recovery rate for the three months ended March 31, 2018 from 53.1% to 50.9% due to the reclassification of $4 million in non-repossession recoveries.

Commercial Finance Receivables	June 30, 2018			December 31, 2017
Commercial finance receivables, net of fees	$	10,698		$	10,312
Less: allowance for loan losses	(58		)	(53		)
Commercial finance receivables, net	$	10,640		$	10,259
Number of dealers	1,643			1,538
Average carrying amount per dealer	$	6		$	7
Allowance for loan losses as a percentage of commercial finance receivables, net of fees	0.5		%	0.5		%

There were insignificant charge-offs of commercial finance receivables during the three and sixmonths endedJune 30, 2018 and 2017. At June 30, 2018 and December 31, 2017, substantially all of our commercial finance receivables were current with respect to payment status and none were classified as TDRs.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

Leased VehiclesAt June 30, 2018 and 2017, 98.8% and 99.1% of our operating leases were current with respect to payment status.

The following table summarizes the estimated residual value and the number of units included in leased vehicles, net by vehicle type (units in thousands):

	June 30, 2018					December 31, 2017
	Residual Value		Units	Percentage of Units		Residual Value		Units	Percentage of Units
Cars	$	5,281	411	24.2	%	$	5,701	450	27.2	%
Trucks	7,393		298	17.5		7,173		285	17.3
CUVs	14,595		883	52.0		13,723		818	49.5
SUVs	4,054		107	6.3		3,809		99	6.0
Total	$	31,323	1,699	100.0	%	$	30,406	1,652	100.0	%

The industry supply of used vehicles resulting from off-lease returns is expected to continue to increase through 2019. Based on recent pricing trends for used vehicles in the secondary market which have remained more favorable than previously expected, we now expect used vehicle prices in the U.S. to decline between 2% and 4% as compared to 2017.

The following table summarizes additional information for operating leases (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Operating leases originated	160		185		309		356
Operating leases terminated	139		85		263		144
Operating lease vehicles returned(a)	92		57		186		95
Return rate(b)	66	%	67	%	71	%	66	%

________________ 

(a) Represents the number of vehicles returned to us for remarketing.

(b) Calculated as the number of operating leases returned divided by the number of operating leases terminated.

Operating leases terminated and operating lease vehicles returned increased due to the growth and maturity of the leased asset portfolio. Due to the current age and size of our lease portfolio, the current return rate is lower than we expect it to be in future periods as our lease portfolio grows and matures.

Liquidity and Capital Resources

GeneralOur primary sources of cash are finance charge income, leasing income and proceeds from the sale of terminated leased vehicles, servicing fees, net distributions from credit facilities, securitizations, secured and unsecured borrowings and collections and recoveries on finance receivables. Our primary uses of cash are purchases of retail finance receivables and leased vehicles, the funding of commercial finance receivables, repayment of secured and unsecured debt, funding credit enhancement requirements in connection with securitizations and secured credit facilities, operating expenses, interest costs and preferred stock dividends.

Typically, our purchase and funding of retail and commercial finance receivables and leased vehicles are financed initially utilizing cash and borrowings on our secured credit facilities. Subsequently, we typically obtain long-term financing for finance receivables and leased vehicles through securitization transactions and the issuance of unsecured debt.

Cash Flow During the six months ended June 30, 2018, net cash provided by operating activities increased due primarily to an increase in leased vehicle income, partially offset by increased interest expense and increased operating expenses.

During the six months ended June 30, 2018, net cash used in investing activities decreased due to an increase in proceeds received on terminated leases of $2.6 billion, increased collections and recoveries on retail finance receivables of $1.6 billion, a decrease in net fundings of commercial finance receivables of $1.2 billion and a decrease in purchases of leased vehicles of $0.8 billion, offset by an increase in purchases of retail finance receivables of $0.4 billion.

During the six months ended June 30, 2018, net cash provided by financing activities decreased due primarily to a decrease in borrowings, net of repayments, of $8.8 billion.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

Liquidity	June 30, 2018		December 31, 2017
Cash and cash equivalents(a)	$	4,012	$	4,265
Borrowing capacity on unpledged eligible assets	15,937		12,533
Borrowing capacity on committed unsecured lines of credit	133		129
Borrowing capacity on the Junior Subordinated Revolving Credit Facility	1,000		1,000
Borrowing capacity on the GM Revolving 364-Day Credit Facility	2,000		—
Available liquidity	$	23,082	$	17,927

_________________

(a) Includes $485 million and $656 million in unrestricted cash outside of the U.S. at June 30, 2018 and December 31, 2017. This cash is considered to be indefinitely invested based on specific plans for reinvestment of these earnings.

During the six months ended June 30, 2018, available liquidity increased due primarily to an increase in receivables eligible to be pledged and a decrease in advances outstanding on secured revolving credit facilities. In addition, we added $2.0 billion in borrowing capacity on the GM Revolving 364-Day Credit Facility as described below.

Our Support Agreement with GM provides that GM will use commercially reasonable efforts to ensure that we will continue to be designated as a subsidiary borrower under GM's unsecured revolving credit facilities. In April 2018, GM amended and restated its revolving credit facilities, consisting of a three-year, $4.0 billion facility and a five-year, $10.5 billion facility, and added a 364-day, $2.0 billion facility. We have access to the entire $16.5 billion, subject to available capacity, with irrevocable and exclusive access to no less than $2.0 billion of the GM Revolving 364-Day Credit Facility to support our liquidity. At June 30, 2018, we had no borrowings outstanding under any of these facilities.

Credit FacilitiesIn the normal course of business, in addition to using our available cash, we utilize borrowings under our credit facilities, which may be secured and/or structured as securitizations, or may be unsecured, and we repay these borrowings as appropriate under our liquidity management strategy.

At June 30, 2018, credit facilities consist of the following:

Facility Type	Facility Amount		Advances Outstanding
Revolving retail asset-secured facilities(a)	$	22,005	$	2,673
Revolving commercial asset-secured facilities(b)	3,904		272
Total secured	25,909		2,945
Unsecured committed facilities	152		19
Unsecured uncommitted facilities(c)	2,076		2,076
Total unsecured	2,228		2,095
Junior Subordinated Revolving Credit Facility	1,000		—
GM Revolving 364-Day Credit Facility(d)	2,000		—
Total	$	31,137	$	5,040

_________________

(a) Includes committed and uncommitted revolving credit facilities backed by retail finance receivables and leases. The financial institutions providing the uncommitted facilities are not contractually obligated to advance funds under them.  We had $115 million in advances outstanding and $706 million in unused borrowing capacity on these facilities at June 30, 2018.

(b) Includes revolving credit facilities backed by loans to dealers for floorplan financing.

(c) The financial institutions providing the uncommitted facilities are not contractually obligated to advance funds under them. We had $1.1 billion in unused borrowing capacity on these facilities at June 30, 2018.

(d) Does not include $14.5 billion in additional liquidity available to us under GM's unsecured revolving credit facilities.

Refer to Note 8 - "Debt" to our consolidated financial statements in our Form 10-K for further discussion of the terms of our revolving credit facilities.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

Securitization Notes PayableWe periodically finance our retail and commercial finance receivables and leases through public and private term securitization transactions, where the securitization markets are sufficiently developed. A summary of securitization notes payable is as follows:

Year of Transaction	Maturity Date (a)			Original Note Issuance (b)		Note Balance At June 30, 2018
2013	April 2021			$	1,080	$	84
2014	July 2021	-	March 2022	$	4,850	741
2015	March 2020	-	December 2023	$	9,147	1,849
2016	May 2019	-	September 2024	$	15,405	6,913
2017	June 2019	-	May 2025	$	22,486	16,828
2018	March 2022	-	December 2025	$	10,483	9,793
Total active securitizations						36,208
Debt issuance costs						(70		)
Total						$	36,138

_________________ 

(a) Maturity dates represent legal final maturity of issued notes. The notes are expected to be paid based on amortization of the finance receivables and leases pledged.

(b) At historical foreign currency exchange rates at the time of issuance.

Our securitizations utilize SPEs which are also VIEs that meet the requirements to be consolidated in our financial statements. Refer to Note 7 to our condensed consolidated financial statements for further discussion.

Unsecured Debt We periodically access the unsecured debt capital markets through the issuance of senior unsecured notes, predominantly from registered shelves in the U.S., Europe and Mexico. At June 30, 2018, the aggregate principal amount of our outstanding senior notes was $41.7 billion.

We issue other unsecured debt through commercial paper offerings and other bank and non-bank funding sources. At June 30, 2018, we had $2.3 billion of this type of unsecured debt outstanding.

Leverage Ratio At June 30, 2018 and December 31, 2017, our earning assets leverage ratio calculated in accordance with the terms of the Support Agreement was 9.14x and 9.49x, and the applicable leverage ratio threshold was 11.50x. The earning assets leverage ratio decreased during the six months ended June 30, 2018 due to growth in earnings.

Forward-Looking Statements

This report contains several "forward-looking statements." Forward-looking statements are those that use words such as "believe," "expect," "intend," "plan," "may," "likely," "should," "estimate," "continue," "future" or "anticipate" and other comparable expressions. These words indicate future events and trends. Forward-looking statements are our current views with respect to future events and financial performance. These forward-looking statements are subject to many assumptions, risks and uncertainties that could cause actual results to differ significantly from historical results or from those anticipated by us. The most significant risks are detailed from time to time in our filings and reports with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2017. It is advisable not to place undue reliance on our forward-looking statements. We undertake no obligation to, and do not, publicly update or revise any forward-looking statements, except as required by federal securities laws, whether as a result of new information, future events or otherwise.

The following factors are among those that may cause actual results to differ materially from historical results or from the forward-looking statements:

• GM's ability to sell new vehicles that we finance in the markets we serve;

• the viability of GM-franchised dealers that are commercial loan customers;

• the availability and cost of sources of financing;

• our joint venture in China, which we cannot operate solely for our benefit and over which we have limited control;

• the level of net charge-offs, delinquencies and prepayments on the loans and leases we originate;

• the effect, interpretation or application of new or existing laws, regulations, court decisions and accounting pronouncements;

• the prices at which used vehicles are sold in the wholesale auction markets;

• vehicle return rates and the residual value performance on vehicles we lease;

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GENERAL MOTORS FINANCIAL COMPANY, INC.

• interest rate fluctuations and certain related derivatives exposure;

• foreign currency exchange rate fluctuations;

• our financial condition and liquidity, as well as future cash flows and earnings;

• changes in general economic and business conditions;

• competition;

• our ability to manage risks related to security breaches and other disruptions to our networks and systems; and

• changes in business strategy, including expansion of product lines and credit risk appetite, acquisitions and divestitures.

If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, our actual results may vary materially from those expected, estimated or projected.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There have been no significant changes in our exposure to market risk since December 31, 2017. Refer to Item 7A - "Quantitative and Qualitative Disclosures About Market Risk" in our 2017 Form 10-K.

Item 4. Controls and Procedures

Disclosure Controls and Procedures We maintain disclosure controls and procedures designed to provide reasonable assurance that information required to be disclosed in reports filed under the Exchange Act is recorded, processed, summarized and reported within the specified time periods and accumulated and communicated to our management, including our principal executive officer (CEO) and principal financial officer (CFO), as appropriate, to allow timely decisions regarding required disclosure.

Our management, with the participation of our CEO and CFO, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) promulgated under the Exchange Act) at June 30, 2018. Based on this evaluation required by paragraph (b) of Rules 13a-15 or 15d-15, our CEO and CFO concluded that our disclosure controls and procedures were effective as of June 30, 2018.

Changes in Internal Control over Financial Reporting There have not been any changes in our internal control over financial reporting during the three months ended June 30, 2018 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II

Item 1. Legal Proceedings

Refer to Note 9 to our condensed consolidated financial statements for information relating to certain legal proceedings.

Item 1A. Risk Factors

We face a number of significant risks and uncertainties in connection with our operations. Our business and the results of our operations and financial condition could be materially adversely affected by these risks factors. There have been no material changes to the Risk Factors disclosed in our 2017 Form 10-K.

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GENERAL MOTORS FINANCIAL COMPANY, INC.

Item 6. Exhibits

31.1	Officers' Certifications of Periodic Report pursuant to Section 302 of Sarbanes-Oxley Act of 2002	Filed Herewith
32.1	Officers' Certifications of Periodic Report pursuant to Section 906 of Sarbanes-Oxley Act of 2002	Furnished with this Report
101.INS	XBRL Instance Document	Filed Herewith
101.SCH	XBRL Taxonomy Extension Schema Document	Filed Herewith
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document	Filed Herewith
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document	Filed Herewith
101.LAB	XBRL Taxonomy Extension Label Linkbase Document	Filed Herewith
101.PRE	XBRL Taxonomy Presentation Linkbase Document	Filed Herewith

26

GENERAL MOTORS FINANCIAL COMPANY, INC.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			General Motors Financial Company, Inc.
			(Registrant)
Date:	July 25, 2018	By:	/S/    SUSAN B. SHEFFIELD
			(Signature)
			Susan B. Sheffield
			Executive Vice President and
			Chief Financial Officer

27

EX-31.1

Exhibit 31.1

GENERAL MOTORS FINANCIAL COMPANY, INC.

CERTIFICATIONS

I, Daniel E. Berce, certify that:

(1) I have reviewed this quarterly report on Form 10-Q of General Motors Financial Company, Inc. (the "registrant") for the six months ended June 30, 2018 (this "report");

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3) Based on my knowledge, the financial statements and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4) The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have: (i) designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (ii) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (iii) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and (iv) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to affect, the registrant's internal control over financial reporting; and

(5) The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and to the Audit Committee of the registrant's Board of Directors (or persons performing the equivalent function): (i) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (ii) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: July 25, 2018

 /s/ Daniel E. Berce

Daniel E. Berce

President and Chief Executive Officer

Exhibit 31.1

GENERAL MOTORS FINANCIAL COMPANY, INC.

I, Susan B. Sheffield, certify that:

(1) I have reviewed this quarterly report on Form 10-Q of General Motors Financial Company, Inc. (the "registrant") for the six months ended June 30, 2018 (this "report");

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3) Based on my knowledge, the financial statements and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4) The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and we have: (i) designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (ii) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (iii) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and (iv) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to affect, the registrant's internal control over financial reporting; and

(5) The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and to the Audit Committee of the registrant's Board of Directors (or persons fulfilling the equivalent function): (i) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (ii) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: July 25, 2018

 /s/ Susan B. Sheffield

Susan B. Sheffield

Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

GENERAL MOTORS FINANCIAL COMPANY, INC.

CERTIFICATION OF PERIODIC REPORT PURSUANT TO SECTION 906

OF SARBANES-OXLEY ACT OF 2002

I, Daniel E. Berce, do hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

(1) The Quarterly Report on Form 10-Q of the registrant for the six months ended June 30, 2018 (the "report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

(2) The information contained in the report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

Dated: July 25, 2018

 /s/ Daniel E. Berce

Daniel E. Berce

President and Chief Executive Officer

Exhibit 32.1

GENERAL MOTORS FINANCIAL COMPANY, INC.

CERTIFICATION OF PERIODIC REPORT PURSUANT TO SECTION 906

OF SARBANES-OXLEY ACT OF 2002

I, Susan B. Sheffield, do hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

(1) The Quarterly Report on Form 10-Q of the registrant for the six months ended June 30, 2018 (the "report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

(2) The information contained in the report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

Dated: July 25, 2018

 /s/ Susan B. Sheffield

Susan B. Sheffield

Executive Vice President and Chief Financial Officer

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 24, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2
Trading Symbol	acf
Entity Registrant Name	General Motors Financial Company, Inc.
Entity Central Index Key	0000804269
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		5,050,000

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Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 4,012	$ 4,265
Finance receivables, net (Note 3; Note 7 VIEs)	45,500	42,172
Leased vehicles, net (Note 4; Note 7 VIEs)	44,054	42,882
Goodwill	1,188	1,197
Equity in net assets of non-consolidated affiliate (Note 5)	1,260	1,187
Related party receivables (Note 2)	736	309
Other assets (Note 7 VIEs)	5,808	5,003
Total assets	102,558	97,015
Liabilities
Secured debt (Note 6; Note 7 VIEs)	39,083	39,887
Unsecured debt (Note 6)	45,357	40,830
Deferred income	3,517	3,221
Related party payables (Note 2)	76	92
Other liabilities	3,549	2,691
Total liabilities	91,582	86,721
Commitments and contingencies (Note 9)
Shareholders' equity (Note 10)
Common stock, $0.0001 par value per share	0	0
Preferred stock, $0.01 par value per share	0	0
Additional paid-in capital	7,554	7,525
Accumulated other comprehensive loss	(936)	(768)
Retained earnings	4,358	3,537
Total shareholders' equity	10,976	10,294
Total liabilities and shareholders' equity	$ 102,558	$ 97,015

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Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Common stock par value per share (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01

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Condensed Consolidated Statements Of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue
Finance charge income	$ 884	$ 812	$ 1,750	$ 1,564
Leased vehicle income	2,497	2,107	4,944	4,038
Other income	107	71	205	136
Total revenue	3,488	2,990	6,899	5,738
Costs and expenses
Salaries and benefits	223	198	444	397
Other operating expenses	159	135	303	266
Total operating expenses	382	333	747	663
Leased vehicle expenses	1,684	1,549	3,471	2,978
Provision for loan losses (Note 3)	128	158	264	369
Interest expense	803	635	1,535	1,231
Total costs and expenses	2,997	2,675	6,017	5,241
Equity income (Note 5)	45	41	97	88
Income from continuing operations before income taxes	536	356	979	585
Income tax provision (Note 11)	94	86	168	136
Income from continuing operations	442	270	811	449
Loss from discontinued operations, net of tax (Note 12)	0	(208)	0	(185)
Net income	442	62	811	264
Net income attributable to common shareholder	$ 427	$ 62	$ 782	$ 264

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Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 442	$ 62	$ 811	$ 264
Other comprehensive income, net of tax (Note 10)
Unrealized gain (loss) on cash flow hedges, net of income tax benefit of $1, $5, $1 and $7	17	(7)	18	(11)
Defined benefit plans, net of income tax	0	(1)	0	(1)
Foreign currency translation adjustment, net of income tax expense (benefit) of $0, $5, $(1) and $9	(245)	104	(186)	198
Other comprehensive (loss) income, net of tax	(228)	96	(168)	186
Comprehensive income	$ 214	$ 158	$ 643	$ 450

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Condensed Consolidated Statements Of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Change in value of cash flow hedges, tax expense (benefit)	$ (1)	$ (5)	$ (1)	$ (7)
Translation income (loss), tax	$ 0	$ 5	$ (1)	$ 9

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Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Net cash provided by operating activities - continuing operations	$ 3,565	$ 3,143
Net cash provided by operating activities - discontinued operations	0	176
Net cash provided by operating activities	3,565	3,319
Cash flows from investing activities
Purchases of retail finance receivables, net	(11,119)	(10,698)
Principal collections and recoveries on retail finance receivables	7,593	6,020
Net funding of commercial finance receivables	(516)	(1,761)
Purchases of leased vehicles, net	(9,122)	(9,884)
Proceeds from termination of leased vehicles	5,303	2,724
Other investing activities	(34)	(47)
Net cash used in investing activities - continuing operations	(7,895)	(13,646)
Net cash used in investing activities - discontinued operations	0	(364)
Net cash used in investing activities	(7,895)	(14,010)
Cash flows from financing activities
Net change in debt (original maturities less than three months)	695	(351)
Borrowings and issuances of secured debt	12,405	15,670
Payments on secured debt	(13,135)	(11,690)
Borrowings and issuances of unsecured debt	8,431	11,033
Payments on unsecured debt	(3,783)	(1,201)
Debt issuance costs	(92)	(95)
Dividends paid	(30)	0
Net cash provided by financing activities - continuing operations	4,491	13,366
Net cash provided by financing activities - discontinued operations	0	65
Net cash provided by financing activities	4,491	13,431
Net increase in cash, cash equivalents and restricted cash	161	2,740
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(60)	78
Cash, cash equivalents and restricted cash at beginning of period	6,567	5,302
Cash, cash equivalents and restricted cash at end of period	6,668	8,120
Supplemental Cash Flow Elements [Abstract]
Total	6,567	5,302
Continuing Operations [Member]
Cash flows from financing activities
Cash, cash equivalents and restricted cash at end of period	6,668	7,497
Supplemental Cash Flow Elements [Abstract]
Total	6,668	7,497
Discontinued Operations [Member]
Cash flows from financing activities
Cash, cash equivalents and restricted cash at end of period	0	623
Supplemental Cash Flow Elements [Abstract]
Total	$ 0	$ 623

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Basis of PresentationThe condensed consolidated financial statements include our accounts and the accounts of our consolidated subsidiaries, including certain special purpose entities (SPEs) utilized in secured financing transactions, which are considered variable interest entities (VIEs). All intercompany transactions and accounts have been eliminated in consolidation.

On October 31, 2017, we completed the sale of certain of our European subsidiaries and branches (collectively, our European Operations) to Banque PSA Finance S.A. and BNP Paribas Personal Finance S.A. The European Operations are presented as discontinued operations in our condensed consolidated financial statements for the three and six months ended June 30, 2017. Refer to Note 12 for additional details regarding our disposal of these operations. Unless otherwise indicated, information in these notes to the condensed consolidated financial statements relates to our continuing operations.

The condensed consolidated financial statements, including the notes thereto, are condensed and do not include all disclosures required by generally accepted accounting principles (GAAP) in the United States of America. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements that are included in our Annual Report on Form 10-K filed on February 6, 2018 (Form 10-K). Except as otherwise specified, dollar amounts presented within tables are stated in millions.

The condensed consolidated financial statements at June 30, 2018, and for the three and six months ended June 30, 2018 and 2017, are unaudited and, in management’s opinion, include all adjustments, which consist of normal recurring adjustments and transactions or events discretely impacting the interim periods, considered necessary by management to fairly state our results of operations. The results for interim periods are not necessarily indicative of results for a full year. The condensed consolidated balance sheet at December 31, 2017, was derived from audited annual financial statements.

Segment Information We are the wholly-owned captive finance subsidiary of General Motors Company (GM). We offer substantially similar products and services throughout many different regions, subject to local regulations and market conditions. We evaluate our business in two operating segments: North America (the North America Segment) and International (the International Segment). Our North America Segment includes operations in the U.S. and Canada. Our International Segment includes operations in Brazil, Chile, Colombia, Mexico and Peru, as well as our equity investment in SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC), a joint venture that conducts automobile finance operations in China.

Recently Adopted Accounting Standards

Effective January 1, 2018, we adopted ASU 2014-09, “Revenue from Contracts with Customers” (ASU 2014-09) as amended, as incorporated into Accounting Standards Codification (ASC) 606, on a modified retrospective basis by recognizing a cumulative effect adjustment of $33 million as an increase to the opening balance of retained earnings. Under the new standard, commission revenue and expenses related to certain retail finance receivables that were previously recognized as earned or incurred ratably over the term of the related receivables will now be recognized in full at the origination of the receivables.

Effective January 1, 2018, we adopted ASU 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" (ASU 2018-02). ASU 2018-02 provides the option to reclassify stranded tax effects related to the U.S. Tax Cuts and Jobs Act of 2017 in accumulated other comprehensive income to retained earnings. The cumulative effect of the adjustments to the opening balance of retained earnings for the adopted standard was insignificant.

Effective January 1, 2018, we adopted ASU 2017-12, "Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities" (ASU 2017-12), on a modified retrospective basis, which is intended to facilitate financial reporting that more closely reflects risk management activities and simplifies the application of hedge accounting. Changes to the new guidance include expanded disclosures regarding the types of risk management strategies eligible for hedge accounting, simplifying the documentation and effectiveness assessment requirements, changing how ineffectiveness is measured, and changing the presentation and disclosure requirements for hedge accounting activities. The cumulative effect of the adjustments to the opening balance of retained earnings for the adopted standard was insignificant.

The following change to our derivative accounting policy became effective upon adoption of ASU 2017-12:

Certain interest rate swap and foreign currency swap agreements have been designated as cash flow hedges. The risk being hedged is the foreign currency and interest rate risk related to forecasted transactions. If the contract has been designated as a cash flow hedge, the change in the fair value of the cash flow hedge is deferred in accumulated other comprehensive loss and is recognized in interest, operating and other expenses along with the earnings effect of the hedged item when the hedged item affects earnings. Changes in the fair value of amounts excluded from the assessment of effectiveness are recorded currently in earnings and are presented in the same income statement line as the earnings effect of the hedged item.

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Related Party Transactions

6 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

We offer loan and lease finance products through GM-franchised dealers to customers purchasing new vehicles manufactured by GM and certain used vehicles and make commercial loans directly to GM-franchised dealers and their affiliates. We also offer commercial loans to dealers that are consolidated by GM and those balances are included in our finance receivables, net.

Under subvention programs, GM makes cash payments to us for offering incentivized rates and structures on retail loan and lease finance products. In addition, GM makes cash payments to us to cover certain interest payments on commercial loans. The balance in subvention receivable increased from December 31, 2017 due to a re-timing of cash payments from GM.

We purchase certain program vehicles from GM subsidiaries. We simultaneously lease these vehicles to those subsidiaries for use primarily in their ride-sharing arrangements. We account for these leases as direct-financing leases, which are included in our finance receivables, net.

We periodically purchase finance receivables from other GM subsidiaries for vehicles sold to rental car companies and for vehicles sold to certain dealerships. During the six months ended June 30, 2018, we purchased $280 million of these receivables from GM.

We have related party payables due to GM, primarily for commercial finance receivables originated but not yet funded.

The following tables present related party transactions:

Balance Sheet Data	June 30, 2018		December 31, 2017
Commercial finance receivables, net due from dealers consolidated by GM(a)	$	379	$	355
Direct-financing lease receivables from GM subsidiaries(a)	$	120	$	88
Subvention receivable(b)	$	735	$	306
Commercial loan funding payable(c)	$	75	$	90

	Three Months Ended June 30,				Six Months Ended June 30,
Income Statement Data	2018		2017		2018		2017
Interest subvention earned on retail finance receivables(d)	$	122	$	109	$	234	$	204
Interest subvention earned on commercial finance receivables(d)	$	15	$	13	$	33	$	28
Leased vehicle subvention earned(e)	$	813	$	754	$	1,611	$	1,460

_________________

(a) Included in finance receivables, net.

(b) Included in related party receivables. We received subvention payments from GM of $1.1 billion and $1.2 billion for the three months ended June 30, 2018 and 2017, and $1.7 billion and $2.2 billion for the six months ended June 30, 2018 and 2017.

(c) Included in related party payables.

(d) Included in finance charge income.

(e) Included as a reduction to leased vehicle expenses.

Under the support agreement with GM (the Support Agreement), if our earning assets leverage ratio at the end of any calendar quarter exceeds the applicable threshold set in the Support Agreement, we may require GM to provide funding sufficient to bring our earning assets leverage ratio to within the applicable threshold. In determining our earning assets leverage ratio (net earning assets divided by adjusted equity) under the Support Agreement, net earning assets means our finance receivables, net, plus leased vehicles, net, and adjusted equity means our equity, net of goodwill and inclusive of outstanding junior subordinated debt, as each may be adjusted for derivative accounting from time to time.

Additionally, the Support Agreement provides that GM will own all of our outstanding voting shares as long as we have any unsecured debt securities outstanding. GM also agreed to certain provisions in the Support Agreement intended to ensure that we maintain adequate access to liquidity. Pursuant to these provisions, GM provided us with a $1.0 billion junior subordinated unsecured intercompany revolving credit facility (the Junior Subordinated Revolving Credit Facility), and GM agreed to use commercially reasonable efforts to ensure that we will continue to be designated as a subsidiary borrower under GM's corporate revolving credit facilities.

On April 18, 2018, GM amended and restated its revolving credit facilities, consisting of a three-year, $4.0 billion facility and a five-year, $10.5 billion facility, and added a 364-day, $2.0 billion facility (the GM Revolving 364-Day Credit Facility). Also on April 18, 2018, we and GM amended the Support Agreement to, among other things, allow for irrevocable and exclusive access by us of no less than $2.0 billion of the GM Revolving 364-Day Credit Facility to support our liquidity. At June 30, 2018, we had no amounts borrowed under these facilities.

We are included in GM's consolidated U.S. federal income tax returns. For taxable income we recognize in any period beginning on or after October 1, 2010, we are obligated to pay GM for our share of the consolidated U.S. federal and certain state tax liabilities. Amounts owed to GM for income taxes are accrued and recorded as a related party payable. At June 30, 2018 and December 31, 2017, there are no related party taxes payable to GM.

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Finance Receivables

6 Months Ended

Jun. 30, 2018

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Finance Receivables

Finance Receivables

	June 30, 2018			December 31, 2017
Retail finance receivables
Retail finance receivables, collectively evaluated for impairment, net of fees	$	33,398		$	30,574
Retail finance receivables, individually evaluated for impairment, net of fees	2,277			2,228
Total retail finance receivables, net of fees(a)	35,675			32,802
Less: allowance for loan losses - collective	(508		)	(561		)
Less: allowance for loan losses - specific	(307		)	(328		)
Total retail finance receivables, net	34,860			31,913
Commercial finance receivables
Commercial finance receivables, collectively evaluated for impairment, net of fees	10,652			10,290
Commercial finance receivables, individually evaluated for impairment, net of fees	46			22
Total commercial finance receivables, net of fees	10,698			10,312
Less: allowance for loan losses - collective	(52		)	(50		)
Less: allowance for loan losses - specific	(6		)	(3		)
Total commercial finance receivables, net	10,640			10,259
Total finance receivables, net	$	45,500		$	42,172
Fair value of finance receivables	$	45,128		$	42,178

________________

(a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs of $184 million and $228 million at June 30, 2018 and December 31, 2017.

We estimate the fair value of retail finance receivables using observable and unobservable Level 3 inputs within a cash flow model. The inputs reflect assumptions regarding expected prepayments, deferrals, delinquencies, recoveries and charge-offs of the loans within the portfolio. The cash flow model produces an estimated amortization schedule of the finance receivables. The projected cash flows are then discounted to derive the fair value of the portfolio. Macroeconomic factors could affect the credit performance of the portfolio and, therefore, could potentially affect the assumptions used in our cash flow model. A substantial majority of our commercial finance receivables have variable interest rates. The carrying amount, a Level 2 input, is considered to be a reasonable estimate of fair value.

Retail Finance Receivables	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Allowance for retail loan losses beginning balance	$	858		$	823		$	889		$	765
Provision for loan losses	123			152			258			359
Charge-offs	(298		)	(272		)	(593		)	(570		)
Recoveries	145			142			268			285
Foreign currency translation	(13		)	(1		)	(7		)	5
Allowance for retail loan losses ending balance	$	815		$	844		$	815		$	844

Retail Credit Quality Our retail finance receivables portfolio includes loans made to consumers and businesses to finance the purchase of vehicles for personal and commercial use. We use proprietary scoring systems in the underwriting process that measure the credit quality of the receivables using several factors, such as credit bureau information, consumer credit risk scores (e.g. FICO score or its equivalent), and contract characteristics. We also consider other factors, such as employment history, financial stability and capacity to pay. A summary of the credit risk profile by FICO score band or equivalent scores, determined at origination, of the retail finance receivables is as follows:

	June 30, 2018				December 31, 2017
	Amount		Percent		Amount		Percent
Prime - FICO Score 680 and greater	$	19,751	55.4	%	$	16,892	51.5	%
Near-prime - FICO Score 620 to 679	5,618		15.7		5,226		15.9
Sub-prime - FICO Score less than 620	10,306		28.9		10,684		32.6
Balance at end of period	$	35,675	100.0	%	$	32,802	100.0	%

In addition, we review the credit quality of our retail finance receivables based on customer payment activity. A retail account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. Retail finance receivables are collateralized by vehicle titles and, subject to local laws, we generally have the right to repossess the vehicle in the event the customer defaults on the payment terms of the contract. The following is a consolidated summary of the contractual amounts of delinquent retail finance receivables, which is not significantly different than the recorded investment for such receivables.

	June 30, 2018				June 30, 2017
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31 - 60 days	$	1,178	3.3	%	$	1,076	3.4	%
Greater than 60 days	462		1.3		464		1.5
Total finance receivables more than 30 days delinquent	1,640		4.6		1,540		4.9
In repossession	57		0.1		43		0.2
Total finance receivables more than 30 days delinquent or in repossession	$	1,697	4.7	%	$	1,583	5.1	%

At June 30, 2018 and December 31, 2017, the accrual of finance charge income had been suspended on retail finance receivables with contractual amounts due of $822 million and $778 million.

Impaired Retail Finance Receivables - TDRs Retail finance receivables that become classified as troubled debt restructurings (TDRs) are separately assessed for impairment. A specific allowance is estimated based on the present value of the expected future cash flows of the receivable discounted at the loan's original effective interest rate. Accounts that become classified as TDRs because of a payment deferral accrue interest at the contractual rate and an additional fee is collected (where permitted) at each time of deferral and recorded as a reduction of accrued interest. No interest or fees are forgiven on a payment deferral to a customer; therefore, there are no additional financial effects of deferred loans becoming classified as TDRs. Accounts in the U.S. in Chapter 13 bankruptcy would have already been placed on non-accrual; therefore, there are no additional financial effects from these loans becoming classified as TDRs. Finance charge income from loans classified as TDRs is accounted for in the same manner as other accruing loans. Cash collections on these loans are allocated according to the same payment hierarchy methodology applied to loans that are not classified as TDRs.

The outstanding recorded investment for retail finance receivables that are considered to be TDRs and the related allowance is presented below:

	June 30, 2018			December 31, 2017
Outstanding recorded investment	$	2,277		$	2,228
Less: allowance for loan losses	(307		)	(328		)
Outstanding recorded investment, net of allowance	$	1,970		$	1,900
Unpaid principal balance	$	2,313		$	2,266

Additional information about loans classified as TDRs is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Average outstanding recorded investment	$	2,238	$	1,985	$	2,253	$	1,966
Finance charge income recognized	$	62	$	57	$	126	$	117
Number of loans classified as TDRs during the period	19,662		17,364		33,096		33,838
Recorded investment of loans classified as TDRs during the period	$	360	$	302	$	613	$	590

The unpaid principal balances, net of recoveries, of loans that were charged off during the reporting period and were within 12 months of being modified as a TDR were insignificant for the three and six months ended June 30, 2018 and 2017.

Commercial Finance Receivables

Commercial Credit Quality Our commercial finance receivables consist of dealer financings, primarily for inventory purchases. Proprietary models are used to assign a risk rating to each dealer. We perform periodic credit reviews of each dealership and adjust the dealership's risk rating, if necessary. Dealers in Group VI are subject to additional restrictions on funding, including suspension of lines of credit and liquidation of assets. The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables:

			June 30, 2018				December 31, 2017
			Amount		Percent		Amount		Percent
Group I	-	Dealers with superior financial metrics	$	1,971	18.4	%	$	1,915	18.6	%
Group II	-	Dealers with strong financial metrics	4,031		37.7		3,584		34.7
Group III	-	Dealers with fair financial metrics	3,192		29.8		3,424		33.2
Group IV	-	Dealers with weak financial metrics	1,001		9.4		1,048		10.2
Group V	-	Dealers warranting special mention due to elevated risks	426		4.0		260		2.5
Group VI	-	Dealers with loans classified as substandard, doubtful or impaired	77		0.7		81		0.8
Balance at end of period			$	10,698	100.0	%	$	10,312	100.0	%

At June 30, 2018 and December 31, 2017, substantially all of our commercial finance receivables were current with respect to payment status. Commercial finance receivables on non-accrual status were insignificant, and none were classified as TDRs. Activity in the allowance for commercial loan losses was insignificant for the three and six months ended June 30, 2018 and 2017.

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Leased Vehicles

6 Months Ended

Jun. 30, 2018

Property Subject to or Available for Operating Lease, Net [Abstract]

Leased Vehicles

Leased Vehicles

	June 30, 2018			December 31, 2017
Leased vehicles	$	64,561		$	62,203
Manufacturer subvention	(9,782		)	(9,468		)
	54,779			52,735
Less: accumulated depreciation	(10,725		)	(9,853		)
Leased vehicles, net	$	44,054		$	42,882

The following table summarizes minimum rental payments due to us as lessor under operating leases at June 30, 2018:

	Years Ending December 31,
	2018		2019		2020		2021		2022		Thereafter		Total
Minimum rental payments under operating leases	$	3,650	$	5,709	$	2,981	$	667	$	52	$	2	$	13,061

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Equity in Net Assets of Non-consolidated Affiliate

6 Months Ended

Jun. 30, 2018

Noncontrolling Interest [Abstract]

Equity in Net Assets of Non-consolidated Affiliate

Equity in Net Assets of Non-consolidated Affiliate

We use the equity method to account for our equity interest in SAIC-GMAC, a joint venture that conducts auto finance operations in China. The income of SAIC-GMAC is not consolidated into our financial statements; rather, our proportionate share of the earnings is reflected as equity income.

	Three Months Ended June 30,				Six Months Ended June 30,
Summarized Operating Data(a)	2018		2017		2018		2017
Finance charge income	$	315	$	256	$	622	$	514
Provision for loan losses	$	6	$	4	$	9	$	(11	)
Interest expense	$	132	$	82	$	256	$	158
Income before income taxes	$	171	$	155	$	369	$	333
Net income	$	129	$	116	$	277	$	250

_________________

(a) This data represents that of the entire entity and not our 35% proportionate share.

During the sixmonths endedJune 30, 2018 and 2017, there were no dividends received from SAIC-GMAC. At June 30, 2018 and December 31, 2017, we had undistributed earnings of $412 million and $315 million related to SAIC-GMAC.

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Debt

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Debt

Debt

	June 30, 2018				December 31, 2017
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt
Revolving credit facilities	$	2,945	$	2,949	$	4,694	$	4,713
Securitization notes payable	36,138		36,075		35,193		35,235
Total secured debt	39,083		39,024		39,887		39,948
Unsecured debt
Senior notes	40,916		41,400		36,820		37,969
Credit facilities	2,095		2,095		2,368		2,375
Other unsecured debt	2,346		2,350		1,642		1,645
Total unsecured debt	45,357		45,845		40,830		41,989
Total secured and unsecured debt	$	84,440	$	84,869	$	80,717	$	81,937
Fair value utilizing Level 2 inputs			$	82,604			$	79,623
Fair value utilizing Level 3 inputs			$	2,265			$	2,314

The fair value of our debt measured utilizing Level 2 inputs was based on quoted market prices for identical instruments and if unavailable, quoted market prices of similar instruments. For debt with original maturity or revolving period of eighteen months or less, par value is considered to be a reasonable estimate of fair value. The fair value of our debt measured utilizing Level 3 inputs was based on the discounted future net cash flows expected to be settled using current risk-adjusted rates.

Secured Debt Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged assets. Refer to Note 7 for further discussion.

During the six months ended June 30, 2018, we entered into new credit facilities or renewed credit facilities with a total net additional borrowing capacity of $161 million, and we issued $10.3 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 2.81% and legal final maturity dates ranging from 2022 to 2025.

Unsecured DebtDuring the six months ended June 30, 2018, we issued $7.0 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 3.12% and maturity dates ranging from 2021 to 2028.

General Motors Financial Company, Inc. is the sole guarantor of its subsidiaries' obligations under the senior unsecured notes that require a guarantee.

Compliance with Debt CovenantsSeveral of our revolving credit facilities require compliance with certain financial and operational covenants as well as regular reporting to lenders, including providing certain subsidiary financial statements. Certain of our secured debt agreements also contain various covenants, including maintaining portfolio performance ratios as well as limits on deferment levels. Our unsecured senior notes contain covenants including limitations on our ability to incur certain liens. At June 30, 2018, we were in compliance with these debt covenants.

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Variable Interest Entities

6 Months Ended

Jun. 30, 2018

Variable Interest Entities [Abstract]

Variable Interest Entities

Variable Interest Entities

Securitizations and Credit Facilities The following table summarizes the assets and liabilities related to our consolidated VIEs:

	June 30, 2018		December 31, 2017
Restricted cash(a)	$	2,488	$	2,267
Finance receivables, net of fees	$	28,495	$	28,364
Lease related assets	$	21,831	$	22,222
Secured debt	$	38,823	$	39,328

_______________

(a) Included in other assets.

These amounts are related to securitization and credit facilities held by consolidated VIEs. Our continuing involvement with these VIEs consists of servicing assets held by the entities and holding residual interests in the entities. We have determined that we are the primary beneficiary of each VIE because we hold both (i) the power to direct the activities of the VIEs that most significantly impact the VIEs' economic performance and (ii) the obligation to absorb losses from and the right to receive benefits of the VIEs that could potentially be significant to the VIEs. We are not required, and do not currently intend, to provide any additional financial support to these VIEs. Liabilities recognized as a result of consolidating these entities generally do not represent claims against us or our other subsidiaries and assets recognized generally are for the benefit of these entities operations and cannot be used to satisfy our or our other subsidiaries' obligations.

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Derivative Financial Instruments and Hedging Activities

6 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments and Hedging Activities

Derivative Financial Instruments and Hedging Activities

We are exposed to certain risks arising from both our business operations and economic conditions. We manage economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of our assets and liabilities and the use of derivative financial instruments. Specifically, we enter into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our derivative financial instruments are used to manage differences in the amount, timing, and duration of our known or expected cash receipts and our known or expected cash payments principally related to our borrowings.

Certain of our foreign operations expose us to fluctuations of foreign interest rates and exchange rates. We primarily finance our earning assets with debt in the same currency to minimize the impact to earnings from our exposure to fluctuations in exchange rates. When we use a different currency, these fluctuations may impact the value of our cash receipts and payments in terms of our functional currency. We enter into derivative financial instruments to protect the value or fix the amount of certain assets and liabilities in terms of the relevant functional currency. The table below presents the gross amounts of fair value of our derivative instruments and the associated notional amounts:

	June 30, 2018						December 31, 2017
	Notional		Fair Value of Assets(a)		Fair Value of Liabilities(a)		Notional		Fair Value of Assets(a)		Fair Value of Liabilities(a)
Derivatives designated as hedges
Fair value hedges
Interest rate contracts	$	11,154	$	2	$	460	$	11,110	$	2	$	290
Cash flow hedges
Interest rate contracts	1,108		14		—		2,177		15		—
Foreign currency swaps	2,122		95		36		1,574		103		—
Derivatives not designated as hedges
Interest rate contracts	89,753		534		563		81,938		329		207
Foreign currency swaps	1,884		61		46		1,201		104		—
Total(b)	$	106,021	$	706	$	1,105	$	98,000	$	553	$	497

_________________

(a) The gross amounts of the fair value of our assets and liabilities are included in other assets and other liabilities, respectively. Amounts accrued for interest payments in a net receivable position are included in other assets. All our derivatives are categorized within Level 2 of the fair value hierarchy. The fair value for Level 2 instruments was derived using the market approach based on observable market inputs including quoted prices of similar instruments and foreign exchange and interest rate forward curves.

(b) We primarily enter into derivatives contracts through AmeriCredit Financial Services, Inc. (AFSI); however our SPEs may also be parties to derivative transactions. Agreements between AFSI and its derivative counterparties include rights of setoff for positions with offsetting values or for collateral held or posted. At June 30, 2018 and December 31, 2017, the fair value of assets and liabilities available for offset was $463 million and $284 million. At June 30, 2018 and December 31, 2017, we held $57 million and $25 million and posted $593 million and $299 million of collateral available for netting.

As of June 30, 2018, the following amounts were recorded in the condensed consolidated balance sheet related to items designated and qualifying as hedged items in fair value hedging relationships:

	June 30, 2018
	Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)
Unsecured debt	$	15,452	$	685

_________________

(a) Includes $167 million of hedging adjustment remaining on hedged items for which hedge accounting has been discontinued.

The table below presents the effect of our derivative financial instruments in the condensed consolidated statement of income for the three and six months ended June 30, 2018:

	Income (Losses) Recognized In Income
	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
	Interest Expense(a)			Other Operating Expenses(b)			Interest Expense(a)			Other Operating Expenses(b)
Fair value hedges
Hedged items	$	69		$	—		$	277		$	—
Interest rate contracts	(76		)	—			(286		)	—
Cash flow hedges
Interest rate contracts	3			—			7			—
Foreign currency contracts	(13		)	(92		)	(22		)	(68		)
Derivatives not designated as hedges
Interest rate contracts	(1		)	—			5			—
Foreign currency contracts	(13		)	(109		)	(20		)	(87		)
Total	$	(31	)	$	(201	)	$	(39	)	$	(155	)

_________________

(a) Total interest expense was $803 million and $1,535 million for the three and six months ended June 30, 2018.

(b) Activity is offset by translation activity also recorded in other operating expenses related to foreign currency-denominated loans. Total other operating expense was $159 million and $303 million for the three and six months ended June 30, 2018.

The table below presents the effect of our derivative financial instruments in the condensed consolidated statement of income for the three and six months ended June 30, 2017:

	Income (Losses) Recognized In Income
	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017
Fair value hedges
Interest rate contracts(a)(b)	$	18		$	29
Cash flow hedges
Interest rate contracts(a)	1			(1		)
Foreign currency contracts(c)	49			55
Derivatives not designated as hedges
Interest rate contracts(a)	(4		)	(9		)
Foreign currency contracts(c)(d)	42			35
Total	$	106		$	109

_________________

(a) Recognized in earnings as interest expense.

(b) Includes hedge ineffectiveness which reflects the net change in the fair value of interest rate contracts offset by the change in fair value of hedged debt attributable to the hedged risk.

(c) Recognized in earnings as other operating expenses and interest expense.

(d) Activity is partially offset by translation activity (included in other operating expenses) related to foreign currency-denominated loans.

	Gains (Losses) Recognized In Accumulated Other Comprehensive Loss
	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Cash flow hedges
Interest rate contracts	$	1		$	(1	)	$	5		$	1
Foreign currency contracts	(58		)	24			(40		)	21
Total	$	(57	)	$	23		$	(35	)	$	22

	Gains (Losses) Reclassified From Accumulated Other Comprehensive Loss Into Income											Location of Amounts Reclassified from Accumulated OCI
	Three Months Ended June 30,					Six Months Ended June 30,
	2018		2017			2018			2017
Cash flow hedges
Interest rate contracts	$	—	$	—		$	(3	)	$	1		Interest expense
Foreign currency contracts	74		(30		)	56			(34		)	Interest expense
Total	$	74	$	(30	)	$	53		$	(33	)

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Guarantees of Indebtedness At June 30, 2018 and December 31, 2017, we guaranteed approximately $1.2 billion and $2.0 billion in aggregate principal amount of Euro Medium Term Notes issued by General Motors Financial International B.V., our former subsidiary, pursuant to our Euro Medium Term Note Programme. Subject to the terms and conditions of a letter agreement entered into with BNP Paribas in connection with the sale of certain of our European Operations on October 31, 2017, BNP Paribas has agreed to pay to us any amount that we may pay under any such guarantees.

Legal ProceedingsWe are subject to various pending and potential legal and regulatory proceedings in the ordinary course of business, including litigation, arbitration, claims, investigations, examinations, subpoenas and enforcement proceedings. Some litigation against us could take the form of class actions. The outcome of these proceedings is inherently uncertain, and thus we cannot confidently predict how or when proceedings will be resolved. An adverse outcome in one or more of these proceedings could result in substantial damages, settlements, fines, penalties, diminished income or reputational harm. We identify below the material proceedings in connection with which we believe a material loss is reasonably possible or probable.

In accordance with the current accounting standards for loss contingencies, we establish reserves for legal matters when it is probable that a loss associated with the matter has been incurred and the amount of the loss can be reasonably estimated. The actual costs of resolving legal matters may be higher or lower than any amounts reserved for these matters. At June 30, 2018, we estimated our reasonably possible legal exposure for unfavorable outcomes is up to $56 million, and have accrued $18 million.

In 2014 and 2015, we were served with investigative subpoenas from various state attorneys general and other governmental offices to produce documents and data relating to our automobile loan and lease business and securitization of loans and leases. We believe that we have cooperated fully with all reasonable requests for information.We are currently unable to estimate any reasonably possible loss or range of loss that may result from these investigations.

Other Administrative Tax MattersWe accrue non-income tax liabilities for contingencies when management believes that a loss is probable and the amounts can be reasonably estimated, while contingent gains are recognized only when realized. In the event any losses are sustained in excess of accruals, they will be charged against income at that time.

In evaluating indirect tax matters, we take into consideration factors such as our historical experience with matters of similar nature, specific facts and circumstances, and the likelihood of prevailing. We reevaluate and update our accruals as matters progress over time. Where there is a reasonable possibility that losses exceeding amounts already recognized may be incurred, our estimate of the additional range of loss is up to $16 millionas ofJune 30, 2018.

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Shareholders' Equity

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Stockholders' Equity

Shareholders' Equity

At June 30, 2018 and December 31, 2017, we had 250 million shares of preferred stock and 10 million shares of common stock authorized for issuance. At June 30, 2018 and December 31, 2017, we had 1.0 million shares of Series A Preferred Stock and 5.05 million shares of common stock issued and outstanding. On March 30, 2018, we paid a dividend of $30.4 million at $30.35 per share of Series A Preferred Stock to holders of record of Series A Preferred Stock as of March 15, 2018.

The following table summarizes the significant components of accumulated other comprehensive loss:

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Unrealized gain on cash flow hedges
Beginning balance	$	17		$	13		$	16		$	17
Change in value of cash flow hedges, net of tax	17			(7		)	18			(11		)
Ending balance	34			6			34			6
Defined benefit plans
Beginning balance	1			(20		)	1			(20		)
Unrealized gain (loss) on subsidiary pension, net of tax	—			(1		)	—			(1		)
Ending balance	1			(21		)	1			(21		)
Foreign currency translation adjustment
Beginning balance	(726		)	(1,141		)	(785		)	(1,235		)
Translation (loss) gain, net of tax	(245		)	104			(186		)	198
Ending balance	(971		)	(1,037		)	(971		)	(1,037		)
Total accumulated other comprehensive loss	$	(936	)	$	(1,052	)	$	(936	)	$	(1,052	)

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Income Taxes

6 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For interim income tax reporting we estimate our annual effective tax rate and apply it to our year-to-date ordinary income. Tax jurisdictions with a projected or year-to-date loss for which a tax benefit cannot be realized are excluded from the annualized effective tax rate. The tax effects of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, are reported in the interim period in which they occur.

During the three and sixmonths endedJune 30, 2018, income tax expense of $94 million and $168 million primarily resulted from tax expense attributable to entities included in our effective tax rate calculation. During the three and sixmonths endedJune 30, 2017, income tax expense of $86 million and $136 million primarily resulted from tax expense attributable to entities included in our effective tax rate calculation.

We are included in GM’s consolidated U.S. federal income tax return and for certain states’ income tax returns. Net operating losses and certain tax credits generated by us have been utilized by GM; however, income tax expense and deferred tax balances are presented in these financial statements as if we filed our own tax returns in each jurisdiction.

On December 22, 2017, the U.S. Tax Cuts and Jobs Act of 2017 (the Act) was signed into law. The Act changed many aspects of U.S. corporate income taxation, including the reduction of the corporate income tax rate from 35% to 21%, implementation of a territorial tax system and imposition of a tax on deemed repatriated earnings of foreign subsidiaries. At December 31, 2017, we had not completed our accounting for the tax effects of enactment of the Act; however, we made a reasonable estimate of the effects on our existing deferred tax balances and the one-time transition tax. We will continue to assess our provision for income taxes as future guidance is issued, but do not currently anticipate significant revisions will be necessary. Any such revisions will be treated in accordance with the measurement period guidance outlined in Staff Accounting Bulletin No. 118. As of June 30, 2018, no material amounts have been identified.

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Discontinued Operations

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

On October 31, 2017, we completed the sale of certain of our European Operations to Banque PSA Finance S.A. and BNP Paribas Personal Finance S.A. Refer to Note 2 - "Discontinued Operations" to our consolidated financial statements in our Form 10-K for further discussion of the terms of the agreement.

The following table summarizes the results of operations of the European Operations:

	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017
Total revenue	$	143		$	274
Interest expense	23			46
Other expenses	79			156
Total costs and expenses	102			202
Income from discontinued operations before income taxes	41			72
Loss on sale of discontinued operations before income taxes	336			336
Loss from discontinued operations before income taxes	(295		)	(264		)
Income tax benefit	(87		)	(79		)
Loss from discontinued operations, net of tax	$	(208	)	$	(185	)

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Segment Reporting

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Our chief operating decision maker evaluates the operating results and performance of our business based on our North America and International operating segments. The management of each segment is responsible for executing our strategies. As discussed in Note 1, our European Operations are presented as discontinued operations and are excluded from our segment results for the three and six months ended June 30, 2017. These operations were previously included in our International Segment. Key operating data for our operating segments were as follows:

	Three Months Ended June 30, 2018
	North America		International		Total
Total revenue	$	3,180	$	308	$	3,488
Operating expenses	276		106		382
Leased vehicle expenses	1,675		9		1,684
Provision for loan losses	90		38		128
Interest expense	685		118		803
Equity income	—		45		45
Income from continuing operations before income taxes	$	454	$	82	$	536

	Three Months Ended June 30, 2017
	North America		International		Total
Total revenue	$	2,700	$	290	$	2,990
Operating expenses	253		80		333
Leased vehicle expenses	1,543		6		1,549
Provision for loan losses	133		25		158
Interest expense	497		138		635
Equity income	—		41		41
Income from continuing operations before income taxes	$	274	$	82	$	356

	Six Months Ended June 30, 2018
	North America		International		Total
Total revenue	$	6,265	$	634	$	6,899
Operating expenses	547		200		747
Leased vehicle expenses	3,453		18		3,471
Provision for loan losses	187		77		264
Interest expense	1,282		253		1,535
Equity income	—		97		97
Income from continuing operations before income taxes	$	796	$	183	$	979

	Six Months Ended June 30, 2017
	North America		International		Total
Total revenue	$	5,174	$	564	$	5,738
Operating expenses	501		162		663
Leased vehicle expenses	2,969		9		2,978
Provision for loan losses	320		49		369
Interest expense	952		279		1,231
Equity income	—		88		88
Income from continuing operations before income taxes	$	432	$	153	$	585

	June 30, 2018						December 31, 2017
	North America		International		Total		North America		International		Total
Finance receivables, net	$	39,254	$	6,246	$	45,500	$	35,436	$	6,736	$	42,172
Leased vehicles, net	$	43,907	$	147	$	44,054	$	42,753	$	129	$	42,882
Total assets	$	93,619	$	8,939	$	102,558	$	87,618	$	9,397	$	97,015

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Regulatory Capital and Other Regulatory Matters

6 Months Ended

Jun. 30, 2018

Regulatory Capital and Other Regulatory Matters [Abstract]

Regulatory Capital and Other Regulatory Matters

Regulatory Capital and Other Regulatory Matters

We are required to comply with a wide variety of laws and regulations. Certain of our entities operate in international markets as either banks or regulated finance companies that are subject to regulatory restrictions. These regulatory restrictions, among other things, require that certain of these entities meet minimum capital requirements and may restrict dividend distributions and ownership of certain assets. We were in compliance with all regulatory capital requirements as most recently reported. Total assets of our regulated international banks and finance companies were approximately $7.2 billion and $7.8 billion at June 30, 2018 and December 31, 2017.

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Basis of Presentation

Basis of PresentationThe condensed consolidated financial statements include our accounts and the accounts of our consolidated subsidiaries, including certain special purpose entities (SPEs) utilized in secured financing transactions, which are considered variable interest entities (VIEs). All intercompany transactions and accounts have been eliminated in consolidation.

On October 31, 2017, we completed the sale of certain of our European subsidiaries and branches (collectively, our European Operations) to Banque PSA Finance S.A. and BNP Paribas Personal Finance S.A. The European Operations are presented as discontinued operations in our condensed consolidated financial statements for the three and six months ended June 30, 2017. Refer to Note 12 for additional details regarding our disposal of these operations. Unless otherwise indicated, information in these notes to the condensed consolidated financial statements relates to our continuing operations.

The condensed consolidated financial statements, including the notes thereto, are condensed and do not include all disclosures required by generally accepted accounting principles (GAAP) in the United States of America. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements that are included in our Annual Report on Form 10-K filed on February 6, 2018 (Form 10-K). Except as otherwise specified, dollar amounts presented within tables are stated in millions.

The condensed consolidated financial statements at June 30, 2018, and for the three and six months ended June 30, 2018 and 2017, are unaudited and, in management’s opinion, include all adjustments, which consist of normal recurring adjustments and transactions or events discretely impacting the interim periods, considered necessary by management to fairly state our results of operations. The results for interim periods are not necessarily indicative of results for a full year. The condensed consolidated balance sheet at December 31, 2017, was derived from audited annual financial statements.

Segment Information

Segment Information We are the wholly-owned captive finance subsidiary of General Motors Company (GM). We offer substantially similar products and services throughout many different regions, subject to local regulations and market conditions. We evaluate our business in two operating segments: North America (the North America Segment) and International (the International Segment). Our North America Segment includes operations in the U.S. and Canada. Our International Segment includes operations in Brazil, Chile, Colombia, Mexico and Peru, as well as our equity investment in SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC), a joint venture that conducts automobile finance operations in China.

Recently Adopted Accounting Standards

Recently Adopted Accounting Standards

Effective January 1, 2018, we adopted ASU 2014-09, “Revenue from Contracts with Customers” (ASU 2014-09) as amended, as incorporated into Accounting Standards Codification (ASC) 606, on a modified retrospective basis by recognizing a cumulative effect adjustment of $33 million as an increase to the opening balance of retained earnings. Under the new standard, commission revenue and expenses related to certain retail finance receivables that were previously recognized as earned or incurred ratably over the term of the related receivables will now be recognized in full at the origination of the receivables.

Effective January 1, 2018, we adopted ASU 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" (ASU 2018-02). ASU 2018-02 provides the option to reclassify stranded tax effects related to the U.S. Tax Cuts and Jobs Act of 2017 in accumulated other comprehensive income to retained earnings. The cumulative effect of the adjustments to the opening balance of retained earnings for the adopted standard was insignificant.

Effective January 1, 2018, we adopted ASU 2017-12, "Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities" (ASU 2017-12), on a modified retrospective basis, which is intended to facilitate financial reporting that more closely reflects risk management activities and simplifies the application of hedge accounting. Changes to the new guidance include expanded disclosures regarding the types of risk management strategies eligible for hedge accounting, simplifying the documentation and effectiveness assessment requirements, changing how ineffectiveness is measured, and changing the presentation and disclosure requirements for hedge accounting activities. The cumulative effect of the adjustments to the opening balance of retained earnings for the adopted standard was insignificant.

The following change to our derivative accounting policy became effective upon adoption of ASU 2017-12:

Certain interest rate swap and foreign currency swap agreements have been designated as cash flow hedges. The risk being hedged is the foreign currency and interest rate risk related to forecasted transactions. If the contract has been designated as a cash flow hedge, the change in the fair value of the cash flow hedge is deferred in accumulated other comprehensive loss and is recognized in interest, operating and other expenses along with the earnings effect of the hedged item when the hedged item affects earnings. Changes in the fair value of amounts excluded from the assessment of effectiveness are recorded currently in earnings and are presented in the same income statement line as the earnings effect of the hedged item.

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Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

The following tables present related party transactions:

Balance Sheet Data	June 30, 2018		December 31, 2017
Commercial finance receivables, net due from dealers consolidated by GM(a)	$	379	$	355
Direct-financing lease receivables from GM subsidiaries(a)	$	120	$	88
Subvention receivable(b)	$	735	$	306
Commercial loan funding payable(c)	$	75	$	90

	Three Months Ended June 30,				Six Months Ended June 30,
Income Statement Data	2018		2017		2018		2017
Interest subvention earned on retail finance receivables(d)	$	122	$	109	$	234	$	204
Interest subvention earned on commercial finance receivables(d)	$	15	$	13	$	33	$	28
Leased vehicle subvention earned(e)	$	813	$	754	$	1,611	$	1,460

_________________

(a) Included in finance receivables, net.

(b) Included in related party receivables. We received subvention payments from GM of $1.1 billion and $1.2 billion for the three months ended June 30, 2018 and 2017, and $1.7 billion and $2.2 billion for the six months ended June 30, 2018 and 2017.

(c) Included in related party payables.

(d) Included in finance charge income.

(e) Included as a reduction to leased vehicle expenses.

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Finance Receivables (Tables)

6 Months Ended

Jun. 30, 2018

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Finance Receivables, Net

	June 30, 2018			December 31, 2017
Retail finance receivables
Retail finance receivables, collectively evaluated for impairment, net of fees	$	33,398		$	30,574
Retail finance receivables, individually evaluated for impairment, net of fees	2,277			2,228
Total retail finance receivables, net of fees(a)	35,675			32,802
Less: allowance for loan losses - collective	(508		)	(561		)
Less: allowance for loan losses - specific	(307		)	(328		)
Total retail finance receivables, net	34,860			31,913
Commercial finance receivables
Commercial finance receivables, collectively evaluated for impairment, net of fees	10,652			10,290
Commercial finance receivables, individually evaluated for impairment, net of fees	46			22
Total commercial finance receivables, net of fees	10,698			10,312
Less: allowance for loan losses - collective	(52		)	(50		)
Less: allowance for loan losses - specific	(6		)	(3		)
Total commercial finance receivables, net	10,640			10,259
Total finance receivables, net	$	45,500		$	42,172
Fair value of finance receivables	$	45,128		$	42,178

________________

(a) Net of unearned income, unamortized premiums and discounts, and deferred fees and costs of $184 million and $228 million at June 30, 2018 and December 31, 2017.

Allowance for Credit Losses on Financing Receivables

Retail Finance Receivables	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Allowance for retail loan losses beginning balance	$	858		$	823		$	889		$	765
Provision for loan losses	123			152			258			359
Charge-offs	(298		)	(272		)	(593		)	(570		)
Recoveries	145			142			268			285
Foreign currency translation	(13		)	(1		)	(7		)	5
Allowance for retail loan losses ending balance	$	815		$	844		$	815		$	844

Financing Receivable Credit Quality Indicators

A summary of the credit risk profile by FICO score band or equivalent scores, determined at origination, of the retail finance receivables is as follows:

	June 30, 2018				December 31, 2017
	Amount		Percent		Amount		Percent
Prime - FICO Score 680 and greater	$	19,751	55.4	%	$	16,892	51.5	%
Near-prime - FICO Score 620 to 679	5,618		15.7		5,226		15.9
Sub-prime - FICO Score less than 620	10,306		28.9		10,684		32.6
Balance at end of period	$	35,675	100.0	%	$	32,802	100.0	%

Past Due Financing Receivables

The following is a consolidated summary of the contractual amounts of delinquent retail finance receivables, which is not significantly different than the recorded investment for such receivables.

	June 30, 2018				June 30, 2017
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
31 - 60 days	$	1,178	3.3	%	$	1,076	3.4	%
Greater than 60 days	462		1.3		464		1.5
Total finance receivables more than 30 days delinquent	1,640		4.6		1,540		4.9
In repossession	57		0.1		43		0.2
Total finance receivables more than 30 days delinquent or in repossession	$	1,697	4.7	%	$	1,583	5.1	%

Troubled Debt Restructurings on Financing Receivables

The outstanding recorded investment for retail finance receivables that are considered to be TDRs and the related allowance is presented below:

	June 30, 2018			December 31, 2017
Outstanding recorded investment	$	2,277		$	2,228
Less: allowance for loan losses	(307		)	(328		)
Outstanding recorded investment, net of allowance	$	1,970		$	1,900
Unpaid principal balance	$	2,313		$	2,266

Additional information about loans classified as TDRs is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Average outstanding recorded investment	$	2,238	$	1,985	$	2,253	$	1,966
Finance charge income recognized	$	62	$	57	$	126	$	117
Number of loans classified as TDRs during the period	19,662		17,364		33,096		33,838
Recorded investment of loans classified as TDRs during the period	$	360	$	302	$	613	$	590

Financing Receivable Credit Quality Indicators for Commercial Lending

The following table summarizes the credit risk profile by dealer risk rating of commercial finance receivables:

			June 30, 2018				December 31, 2017
			Amount		Percent		Amount		Percent
Group I	-	Dealers with superior financial metrics	$	1,971	18.4	%	$	1,915	18.6	%
Group II	-	Dealers with strong financial metrics	4,031		37.7		3,584		34.7
Group III	-	Dealers with fair financial metrics	3,192		29.8		3,424		33.2
Group IV	-	Dealers with weak financial metrics	1,001		9.4		1,048		10.2
Group V	-	Dealers warranting special mention due to elevated risks	426		4.0		260		2.5
Group VI	-	Dealers with loans classified as substandard, doubtful or impaired	77		0.7		81		0.8
Balance at end of period			$	10,698	100.0	%	$	10,312	100.0	%

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Leased Vehicles (Tables)

6 Months Ended

Jun. 30, 2018

Property Subject to or Available for Operating Lease, Net [Abstract]

Summary of Leased Vehicles

	June 30, 2018			December 31, 2017
Leased vehicles	$	64,561		$	62,203
Manufacturer subvention	(9,782		)	(9,468		)
	54,779			52,735
Less: accumulated depreciation	(10,725		)	(9,853		)
Leased vehicles, net	$	44,054		$	42,882

Schedule of Future Minimum Rental Payments Receivable For Operating Leases

The following table summarizes minimum rental payments due to us as lessor under operating leases at June 30, 2018:

	Years Ending December 31,
	2018		2019		2020		2021		2022		Thereafter		Total
Minimum rental payments under operating leases	$	3,650	$	5,709	$	2,981	$	667	$	52	$	2	$	13,061

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Equity in Net Assets of Non-consolidated Affiliate (Tables)

6 Months Ended

Jun. 30, 2018

Noncontrolling Interest [Abstract]

Summarized Financial Data of Nonconsolidated Affiliates

	Three Months Ended June 30,				Six Months Ended June 30,
Summarized Operating Data(a)	2018		2017		2018		2017
Finance charge income	$	315	$	256	$	622	$	514
Provision for loan losses	$	6	$	4	$	9	$	(11	)
Interest expense	$	132	$	82	$	256	$	158
Income before income taxes	$	171	$	155	$	369	$	333
Net income	$	129	$	116	$	277	$	250

_________________

(a) This data represents that of the entire entity and not our 35% proportionate share.

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Debt (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of Debt

	June 30, 2018				December 31, 2017
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt
Revolving credit facilities	$	2,945	$	2,949	$	4,694	$	4,713
Securitization notes payable	36,138		36,075		35,193		35,235
Total secured debt	39,083		39,024		39,887		39,948
Unsecured debt
Senior notes	40,916		41,400		36,820		37,969
Credit facilities	2,095		2,095		2,368		2,375
Other unsecured debt	2,346		2,350		1,642		1,645
Total unsecured debt	45,357		45,845		40,830		41,989
Total secured and unsecured debt	$	84,440	$	84,869	$	80,717	$	81,937
Fair value utilizing Level 2 inputs			$	82,604			$	79,623
Fair value utilizing Level 3 inputs			$	2,265			$	2,314

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Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2018

Securitization and Credit Facility VIEs [Member]

Variable Interest Entity [Line Items]

Schedule of Variable Interest Entities

The following table summarizes the assets and liabilities related to our consolidated VIEs:

	June 30, 2018		December 31, 2017
Restricted cash(a)	$	2,488	$	2,267
Finance receivables, net of fees	$	28,495	$	28,364
Lease related assets	$	21,831	$	22,222
Secured debt	$	38,823	$	39,328

_______________

(a) Included in other assets.

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Derivative Financial Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The table below presents the gross amounts of fair value of our derivative instruments and the associated notional amounts:

	June 30, 2018						December 31, 2017
	Notional		Fair Value of Assets(a)		Fair Value of Liabilities(a)		Notional		Fair Value of Assets(a)		Fair Value of Liabilities(a)
Derivatives designated as hedges
Fair value hedges
Interest rate contracts	$	11,154	$	2	$	460	$	11,110	$	2	$	290
Cash flow hedges
Interest rate contracts	1,108		14		—		2,177		15		—
Foreign currency swaps	2,122		95		36		1,574		103		—
Derivatives not designated as hedges
Interest rate contracts	89,753		534		563		81,938		329		207
Foreign currency swaps	1,884		61		46		1,201		104		—
Total(b)	$	106,021	$	706	$	1,105	$	98,000	$	553	$	497

_________________

(a) The gross amounts of the fair value of our assets and liabilities are included in other assets and other liabilities, respectively. Amounts accrued for interest payments in a net receivable position are included in other assets. All our derivatives are categorized within Level 2 of the fair value hierarchy. The fair value for Level 2 instruments was derived using the market approach based on observable market inputs including quoted prices of similar instruments and foreign exchange and interest rate forward curves.

(b) We primarily enter into derivatives contracts through AmeriCredit Financial Services, Inc. (AFSI); however our SPEs may also be parties to derivative transactions. Agreements between AFSI and its derivative counterparties include rights of setoff for positions with offsetting values or for collateral held or posted. At June 30, 2018 and December 31, 2017, the fair value of assets and liabilities available for offset was $463 million and $284 million. At June 30, 2018 and December 31, 2017, we held $57 million and $25 million and posted $593 million and $299 million of collateral available for netting.

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

As of June 30, 2018, the following amounts were recorded in the condensed consolidated balance sheet related to items designated and qualifying as hedged items in fair value hedging relationships:

	June 30, 2018
	Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)
Unsecured debt	$	15,452	$	685

_________________

(a) Includes $167 million of hedging adjustment remaining on hedged items for which hedge accounting has been discontinued.

Effect of Derivative Instruments on the Condensed Consolidated Statements of Income

The table below presents the effect of our derivative financial instruments in the condensed consolidated statement of income for the three and six months ended June 30, 2018:

	Income (Losses) Recognized In Income
	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
	Interest Expense(a)			Other Operating Expenses(b)			Interest Expense(a)			Other Operating Expenses(b)
Fair value hedges
Hedged items	$	69		$	—		$	277		$	—
Interest rate contracts	(76		)	—			(286		)	—
Cash flow hedges
Interest rate contracts	3			—			7			—
Foreign currency contracts	(13		)	(92		)	(22		)	(68		)
Derivatives not designated as hedges
Interest rate contracts	(1		)	—			5			—
Foreign currency contracts	(13		)	(109		)	(20		)	(87		)
Total	$	(31	)	$	(201	)	$	(39	)	$	(155	)

_________________

(a) Total interest expense was $803 million and $1,535 million for the three and six months ended June 30, 2018.

(b) Activity is offset by translation activity also recorded in other operating expenses related to foreign currency-denominated loans. Total other operating expense was $159 million and $303 million for the three and six months ended June 30, 2018.

The table below presents the effect of our derivative financial instruments in the condensed consolidated statement of income for the three and six months ended June 30, 2017:

	Income (Losses) Recognized In Income
	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017
Fair value hedges
Interest rate contracts(a)(b)	$	18		$	29
Cash flow hedges
Interest rate contracts(a)	1			(1		)
Foreign currency contracts(c)	49			55
Derivatives not designated as hedges
Interest rate contracts(a)	(4		)	(9		)
Foreign currency contracts(c)(d)	42			35
Total	$	106		$	109

_________________

(a) Recognized in earnings as interest expense.

(b) Includes hedge ineffectiveness which reflects the net change in the fair value of interest rate contracts offset by the change in fair value of hedged debt attributable to the hedged risk.

(c) Recognized in earnings as other operating expenses and interest expense.

(d) Activity is partially offset by translation activity (included in other operating expenses) related to foreign currency-denominated loans.

	Gains (Losses) Recognized In Accumulated Other Comprehensive Loss
	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Cash flow hedges
Interest rate contracts	$	1		$	(1	)	$	5		$	1
Foreign currency contracts	(58		)	24			(40		)	21
Total	$	(57	)	$	23		$	(35	)	$	22

	Gains (Losses) Reclassified From Accumulated Other Comprehensive Loss Into Income											Location of Amounts Reclassified from Accumulated OCI
	Three Months Ended June 30,					Six Months Ended June 30,
	2018		2017			2018			2017
Cash flow hedges
Interest rate contracts	$	—	$	—		$	(3	)	$	1		Interest expense
Foreign currency contracts	74		(30		)	56			(34		)	Interest expense
Total	$	74	$	(30	)	$	53		$	(33	)

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Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table summarizes the significant components of accumulated other comprehensive loss:

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Unrealized gain on cash flow hedges
Beginning balance	$	17		$	13		$	16		$	17
Change in value of cash flow hedges, net of tax	17			(7		)	18			(11		)
Ending balance	34			6			34			6
Defined benefit plans
Beginning balance	1			(20		)	1			(20		)
Unrealized gain (loss) on subsidiary pension, net of tax	—			(1		)	—			(1		)
Ending balance	1			(21		)	1			(21		)
Foreign currency translation adjustment
Beginning balance	(726		)	(1,141		)	(785		)	(1,235		)
Translation (loss) gain, net of tax	(245		)	104			(186		)	198
Ending balance	(971		)	(1,037		)	(971		)	(1,037		)
Total accumulated other comprehensive loss	$	(936	)	$	(1,052	)	$	(936	)	$	(1,052	)

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the results of operations of the European Operations:

	Three Months Ended June 30, 2017			Six Months Ended June 30, 2017
Total revenue	$	143		$	274
Interest expense	23			46
Other expenses	79			156
Total costs and expenses	102			202
Income from discontinued operations before income taxes	41			72
Loss on sale of discontinued operations before income taxes	336			336
Loss from discontinued operations before income taxes	(295		)	(264		)
Income tax benefit	(87		)	(79		)
Loss from discontinued operations, net of tax	$	(208	)	$	(185	)

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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

These operations were previously included in our International Segment. Key operating data for our operating segments were as follows:

	Three Months Ended June 30, 2018
	North America		International		Total
Total revenue	$	3,180	$	308	$	3,488
Operating expenses	276		106		382
Leased vehicle expenses	1,675		9		1,684
Provision for loan losses	90		38		128
Interest expense	685		118		803
Equity income	—		45		45
Income from continuing operations before income taxes	$	454	$	82	$	536

	Three Months Ended June 30, 2017
	North America		International		Total
Total revenue	$	2,700	$	290	$	2,990
Operating expenses	253		80		333
Leased vehicle expenses	1,543		6		1,549
Provision for loan losses	133		25		158
Interest expense	497		138		635
Equity income	—		41		41
Income from continuing operations before income taxes	$	274	$	82	$	356

	Six Months Ended June 30, 2018
	North America		International		Total
Total revenue	$	6,265	$	634	$	6,899
Operating expenses	547		200		747
Leased vehicle expenses	3,453		18		3,471
Provision for loan losses	187		77		264
Interest expense	1,282		253		1,535
Equity income	—		97		97
Income from continuing operations before income taxes	$	796	$	183	$	979

	Six Months Ended June 30, 2017
	North America		International		Total
Total revenue	$	5,174	$	564	$	5,738
Operating expenses	501		162		663
Leased vehicle expenses	2,969		9		2,978
Provision for loan losses	320		49		369
Interest expense	952		279		1,231
Equity income	—		88		88
Income from continuing operations before income taxes	$	432	$	153	$	585

	June 30, 2018						December 31, 2017
	North America		International		Total		North America		International		Total
Finance receivables, net	$	39,254	$	6,246	$	45,500	$	35,436	$	6,736	$	42,172
Leased vehicles, net	$	43,907	$	147	$	44,054	$	42,753	$	129	$	42,882
Total assets	$	93,619	$	8,939	$	102,558	$	87,618	$	9,397	$	97,015

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Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018 segment	Jan. 01, 2018 USD ($)
Accounting Policies [Abstract]
Number of operating segments | segment	2
Accounting Standards Update 2014-09 [Member] | Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment | $		$ 33

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Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Subvention receivable	$ 735		$ 735		$ 306
Leased vehicle subvention earned	813	$ 754	1,611	$ 1,460
Affiliated Entity [Member] | Retail Finance Receivables [Member]
Related Party Transaction [Line Items]
Finance receivables, net due	120		120		88
Interest subvention earned	122	109	234	204
Affiliated Entity [Member] | Commercial Finance Receivables [Member]
Related Party Transaction [Line Items]
Finance receivables, net due	379		379		355
Commercial loan funding payable	75		75		$ 90
Interest subvention earned	15	13	33	28
Parent Company [Member]
Related Party Transaction [Line Items]
Revenue from related parties	$ 1,100	$ 1,200	$ 1,700	$ 2,200

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Related Party Transactions - Narrative (Details) - USD ($)		6 Months Ended	12 Months Ended
	Apr. 18, 2018	Jun. 30, 2018	Dec. 31, 2017
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Tax expense due to related party		$ 0	$ 0
Junior Subordinated Revolving Credit Facility [Member]
Related Party Transaction [Line Items]
Line of credit facilities - GM Related party facility		1,000,000,000
Line of Credit [Member] | Three Year Revolving Credit Facility [Member] | General Motors [Member]
Related Party Transaction [Line Items]
Debt instrument term	3 years
Maximum borrowing capacity	$ 4,000,000,000
Line of Credit [Member] | Five Year Revolving Credit Facility [Member] | General Motors [Member]
Related Party Transaction [Line Items]
Debt instrument term	5 years
Maximum borrowing capacity	$ 10,500,000,000
Line of Credit [Member] | Three Hundred and Sixty-Four Day Revolving Credit Facilities [Member] | General Motors [Member]
Related Party Transaction [Line Items]
Debt instrument term	364 days
Maximum borrowing capacity	$ 2,000,000,000
Purchase of Retail Finance Receivables [Member] | Parent Company [Member]
Related Party Transaction [Line Items]
Related party purchases		$ 280,000,000

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Finance Receivables - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Retail Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrual of finance charge income	$ 822	$ 778

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Finance Receivables - Finance Receivables, net (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables, net	$ 45,500	$ 42,172
Fair value of finance receivables	45,128	42,178
Commercial Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables	10,698	10,312
Automobile Loan [Member] | Retail Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment, net of fees	33,398	30,574
Individually evaluated for impairment, net of fees	2,277	2,228
Total finance receivables	35,675	32,802
Less: allowance for loan losses - collective	(508)	(561)
Less: allowance for loan losses - specific	(307)	(328)
Total finance receivables, net	34,860	31,913
Deferred income	184	228
Automobile Loan [Member] | Commercial Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment, net of fees	10,652	10,290
Individually evaluated for impairment, net of fees	46	22
Total finance receivables	10,698	10,312
Less: allowance for loan losses - collective	(52)	(50)
Less: allowance for loan losses - specific	(6)	(3)
Total finance receivables, net	$ 10,640	$ 10,259

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Finance Receivables - Allowance for Loan Losses (Details) - Retail Finance Receivables [Member] - Automobile Loan [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Allowance for retail loan losses beginning balance	$ 858	$ 823	$ 889	$ 765
Provision for loan losses	123	152	258	359
Charge-offs	(298)	(272)	(593)	(570)
Recoveries	145	142	268	285
Foreign currency translation	(13)	(1)	(7)	5
Allowance for retail loan losses ending balance	$ 815	$ 844	$ 815	$ 844

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Finance Receivables - Credit Quality (Details) - Automobile Loan [Member] - Retail Finance Receivables [Member] - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Finance receivables, net of fees	$ 35,675	$ 32,802
Finance receivables credit indicator, Percent	100.00%	100.00%
Prime - FICO Score 680 and greater [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance receivables, net of fees	$ 19,751	$ 16,892
Finance receivables credit indicator, Percent	55.40%	51.50%
Near-prime - FICO Score 620 to 679 [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance receivables, net of fees	$ 5,618	$ 5,226
Finance receivables credit indicator, Percent	15.70%	15.90%
Sub-prime - FICO Score less than 620 [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance receivables, net of fees	$ 10,306	$ 10,684
Finance receivables credit indicator, Percent	28.90%	32.60%

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Finance Receivables - Delinquency (Details) - Retail Finance Receivables [Member] - Automobile Loan [Member] - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
In repossession	$ 57	$ 43
In repossession (percent)	0.10%	0.20%
Total finance receivables more than 30 days delinquent or in repossession	$ 1,697	$ 1,583
Total finance receivables more than 30 days delinquent or in repossession (percent)	4.70%	5.10%
31 to 60 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable past due	$ 1,178	$ 1,076
Financing receivable past due (percent)	3.30%	3.40%
Greater Than 60 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable past due	$ 462	$ 464
Financing receivable past due (percent)	1.30%	1.50%
Thirty or More Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable past due	$ 1,640	$ 1,540
Financing receivable past due (percent)	4.60%	4.90%

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Finance Receivables - Troubled Debt Restructurings (Details) - Retail Finance Receivables [Member] - Automobile Loan [Member] $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018 USD ($) loan	Jun. 30, 2017 USD ($) loan	Jun. 30, 2018 USD ($) loan	Jun. 30, 2017 USD ($) loan	Dec. 31, 2017 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding recorded investment	$ 2,277		$ 2,277		$ 2,228
Less: allowance for loan losses	(307)		(307)		(328)
Outstanding recorded investment, net of allowance	1,970		1,970		1,900
Unpaid principal balance	2,313		2,313		$ 2,266
Average outstanding recorded investment	2,238	$ 1,985	2,253	$ 1,966
Finance charge income recognized	$ 62	$ 57	$ 126	$ 117
Number of loans classified as TDRs during the period | loan	19,662	17,364	33,096	33,838
Recorded investment of loans classified as TDRs during the period	$ 360	$ 302	$ 613	$ 590

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Finance Receivables - Credit Risk Profile by Dealer grouping of Commercial Finance Receivables (Details) - Commercial Finance Receivables [Member] - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 10,698	$ 10,312
Percent of portfolio	100.00%	100.00%
Group I [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 1,971	$ 1,915
Percent of portfolio	18.40%	18.60%
Group II [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 4,031	$ 3,584
Percent of portfolio	37.70%	34.70%
Group III [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 3,192	$ 3,424
Percent of portfolio	29.80%	33.20%
Group IV [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 1,001	$ 1,048
Percent of portfolio	9.40%	10.20%
Group V [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 426	$ 260
Percent of portfolio	4.00%	2.50%
Group VI [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at end of period	$ 77	$ 81
Percent of portfolio	0.70%	0.80%

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Leased Vehicles - Summary of Leased Vehicles (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Property Subject to or Available for Operating Lease, Net [Abstract]
Leased vehicles	$ 64,561	$ 62,203
Manufacturer subvention	(9,782)	(9,468)
Leased vehicles accounted for operating leases net of manufacturing incentives	54,779	52,735
Less: accumulated depreciation	(10,725)	(9,853)
Leased vehicles, net	$ 44,054	$ 42,882

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Leased Vehicles - Minimum Rental Payments (Details) $ in Millions	Jun. 30, 2018 USD ($)
Operating Leases, Future Minimum Payments Receivable [Abstract]
2018	$ 3,650
2019	5,709
2020	2,981
2021	667
2022	52
Thereafter	2
Total	$ 13,061

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Equity in Net Assets of Non-consolidated Affiliate (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Noncontrolling Interest [Line Items]
Net income	$ 45,000,000	$ 41,000,000	$ 97,000,000	$ 88,000,000
SAIC-GMAC [Member]
Noncontrolling Interest [Line Items]
Finance charge income	315,000,000	256,000,000	622,000,000	514,000,000
Provision for loan losses	6,000,000	4,000,000	9,000,000	(11,000,000)
Interest expense	132,000,000	82,000,000	256,000,000	158,000,000
Income before income taxes	171,000,000	155,000,000	369,000,000	333,000,000
Net income	$ 129,000,000	$ 116,000,000	$ 277,000,000	250,000,000
Ownership interest (percent)	35.00%		35.00%
Cash dividends received			$ 0	$ 0
Undistributed earnings	$ 412,000,000		$ 412,000,000		$ 315,000,000

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Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Short Term and Long Term Debt [Line Items]
Secured debt	$ 39,083	$ 39,887
Unsecured debt	45,357	40,830
Total secured and unsecured debt	84,440	80,717
Secured debt fair value	39,024	39,948
Unsecured debt fair value	45,845	41,989
Fair value of Secured and Unsecured debt	84,869	81,937
Level 2 [Member]
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	82,604	79,623
Level 3 [Member]
Short Term and Long Term Debt [Line Items]
Fair value of Secured and Unsecured debt	2,265	2,314
Revolving Credit Facility [Member]
Short Term and Long Term Debt [Line Items]
Secured debt	2,945	4,694
Unsecured debt	2,095	2,368
Secured debt fair value	2,949	4,713
Unsecured debt fair value	2,095	2,375
Securitization Notes Payable [Member]
Short Term and Long Term Debt [Line Items]
Secured debt	36,138	35,193
Secured debt fair value	36,075	35,235
Senior Notes [Member]
Short Term and Long Term Debt [Line Items]
Unsecured debt	40,916	36,820
Unsecured debt fair value	41,400	37,969
Other Unsecured Debt [Member]
Short Term and Long Term Debt [Line Items]
Unsecured debt	2,346	1,642
Unsecured debt fair value	$ 2,350	$ 1,645

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Debt - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018 USD ($)
Secured Debt [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Increase to borrowing capacity	$ 161
Secured Debt [Member] | Securitization Notes Payable [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 10,300
Weighted average interest rate	2.81%
Senior Notes [Member]
Debt Instrument [Line Items]
Increase in Senior Notes during the period	$ 7,000
Parent Company [Member] | Senior Notes [Member] | Fixed Rate Senior Notes [Member]
Debt Instrument [Line Items]
Weighted average interest rate	3.12%

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Variable Interest Entities - Assets and Liabilities of Consolidated VIE's (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Variable Interest Entity [Line Items]
Finance receivables, net of fees	$ 45,500	$ 42,172
Lease related assets	44,054	42,882
Securitization and Credit Facility VIEs [Member]
Variable Interest Entity [Line Items]
Restricted cash	2,488	2,267
Finance receivables, net of fees	28,495	28,364
Lease related assets	21,831	22,222
Secured debt	$ 38,823	$ 39,328

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Derivative Financial Instruments and Hedging Activities (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Other Assets [Member] | Interest Rate Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	$ 11,154	$ 11,110
Derivative asset, Fair value	2	2
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Other Liabilities [Member] | Interest Rate Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	460	290
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Assets [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	1,108	2,177
Derivative asset, Fair value	14	15
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Assets [Member] | Foreign Currency Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	2,122	1,574
Derivative asset, Fair value	95	103
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Liabilities [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	0	0
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Liabilities [Member] | Foreign Currency Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	36	0
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Fair value of assets (liabilities) available for offset	463	284
Not Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	106,021	98,000
Derivative asset, Fair value	706	553
Collateral available for netting	593	299
Not Designated as Hedging Instrument [Member] | Other Assets [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	89,753	81,938
Derivative asset, Fair value	534	329
Not Designated as Hedging Instrument [Member] | Other Assets [Member] | Foreign Currency Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative asset, Notional amount	1,884	1,201
Derivative asset, Fair value	61	104
Not Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	1,105	497
Cash held	57	25
Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	563	207
Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Foreign Currency Swaps [Member] | Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, Fair value	$ 46	$ 0

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Derivative Financial Instruments and Hedging Activities - Derivatives Recognized in the Balance Sheet (Details) - Designated as Hedging Instrument [Member] - Fair Value Hedging [Member] - Unsecured Debt [Member] $ in Millions	Jun. 30, 2018 USD ($)
Derivatives, Fair Value [Line Items]
Carrying Amount of Hedged Items	$ 15,452
Cumulative Amount of Fair Value Hedging Adjustments	685
Discontinued hedge cumulative amount of fair value hedging adjustments	$ 167

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Derivative Financial Instruments and Hedging Activities - Derivatives Income (Losses) Recognized in Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivatives, Fair Value [Line Items]
Total		$ 106		$ 109
Interest expense	$ 803	635	$ 1,535	1,231
Other operating expenses	159	135	303	266
Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(57)	23	(35)	22
Gains (Losses) Reclassified From Accumulated Other Comprehensive Loss Into Income	74	(30)	53	(33)
Cash Flow Hedging [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	1	(1)	5	1
Gains (Losses) Reclassified From Accumulated Other Comprehensive Loss Into Income	0	0	(3)	1
Cash Flow Hedging [Member] | Foreign Currency Contracts [Member]
Derivatives, Fair Value [Line Items]
Gains (Losses) Recognized In Accumulated Other Comprehensive Loss	(58)	24	(40)	21
Gains (Losses) Reclassified From Accumulated Other Comprehensive Loss Into Income	74	(30)	56	(34)
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts and Foreign currency contracts		18		29
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts and Foreign currency contracts		1		(1)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contracts [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts and Foreign currency contracts		49		55
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts		(4)		(9)
Foreign currency derivatives		$ 42		$ 35
Other Operating Income (Expense) [Member]
Derivatives, Fair Value [Line Items]
Total	(201)		(155)
Other Operating Income (Expense) [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Hedged items	0		0
Interest rate contracts and Foreign currency contracts	0		0
Other Operating Income (Expense) [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts and Foreign currency contracts	0		0
Other Operating Income (Expense) [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contracts [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts and Foreign currency contracts	(92)		(68)
Other Operating Income (Expense) [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts	0		0
Foreign currency derivatives	(109)		(87)
Interest Expense [Member]
Derivatives, Fair Value [Line Items]
Total	(31)		(39)
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Hedged items	69		277
Interest rate contracts and Foreign currency contracts	(76)		(286)
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts and Foreign currency contracts	3		7
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contracts [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts and Foreign currency contracts	(13)		(22)
Interest Expense [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Interest rate contracts	(1)		5
Foreign currency derivatives	$ (13)		$ (20)

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Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Commitment and Contingencies [Line Items]
Estimate of possible loss	$ 56
Loss accrual	18
Indirect tax contingency	16
Parent Company [Member] | Euro Medium Term Notes [Member] | Senior Notes [Member]
Commitment and Contingencies [Line Items]
Debt instrument, face amount	$ 1,200	$ 2,000

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Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Common stock shares authorized		10,000,000	10,000,000
Common stock shares issued		5,050,000	5,050,000.00
Common stock shares outstanding		5,050,000.00	5,050,000.00
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock shares authorized		250,000,000	250,000,000
Preferred stock shares issued		1,000,000	1,000,000
Preferred stock shares outstanding		1,000,000	1,000,000
Preferred stock dividends paid	$ 30.4
Preferred stock dividends paid (in usd per share)	$ 30.35

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Shareholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance			$ 10,294
Other comprehensive (loss) income, net of tax	$ (228)	$ 96	(168)	$ 186
Ending balance	10,976		10,976
AOCI Attributable to Parent [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Ending balance	(936)	(1,052)	(936)	(1,052)
Unrealized Gain (Loss) on Cash Flow Hedges [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	17	13	16	17
Other comprehensive (loss) income, net of tax	17	(7)	18	(11)
Ending balance	34	6	34	6
Defined Benefit Plans [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	1	(20)	1	(20)
Other comprehensive (loss) income, net of tax	0	(1)	0	(1)
Ending balance	1	(21)	1	(21)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(726)	(1,141)	(785)	(1,235)
Other comprehensive (loss) income, net of tax	(245)	104	(186)	198
Ending balance	$ (971)	$ (1,037)	$ (971)	$ (1,037)

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Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ 94	$ 86	$ 168	$ 136

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Discontinued Operations - Financial Information for Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of tax	$ 0	$ (208)	$ 0	$ (185)
Discontinued Operations, Held-for-sale [Member] | General Motors Holdings LLC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue		143		274
Interest expense		23		46
Other expenses		79		156
Total costs and expenses		102		202
Income from discontinued operations before income taxes		41		72
Loss on sale of discontinued operations before income taxes		336		336
Loss from discontinued operations before income taxes		(295)		(264)
Income tax benefit		(87)		(79)
Loss from discontinued operations, net of tax		$ (208)		$ (185)

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Segment Reporting - Operations Reporting by Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Total revenue	$ 3,488	$ 2,990	$ 6,899	$ 5,738
Operating expenses	382	333	747	663
Leased vehicle expenses	1,684	1,549	3,471	2,978
Provision for loan losses	128	158	264	369
Interest expense	803	635	1,535	1,231
Equity income	45	41	97	88
Income from continuing operations before income taxes	536	356	979	585
Operating Segments [Member] | North America Segment [Member]
Segment Reporting Information [Line Items]
Total revenue	3,180	2,700	6,265	5,174
Operating expenses	276	253	547	501
Leased vehicle expenses	1,675	1,543	3,453	2,969
Provision for loan losses	90	133	187	320
Interest expense	685	497	1,282	952
Equity income	0	0	0	0
Income from continuing operations before income taxes	454	274	796	432
Operating Segments [Member] | International Segment [Member]
Segment Reporting Information [Line Items]
Total revenue	308	290	634	564
Operating expenses	106	80	200	162
Leased vehicle expenses	9	6	18	9
Provision for loan losses	38	25	77	49
Interest expense	118	138	253	279
Equity income	45	41	97	88
Income from continuing operations before income taxes	$ 82	$ 82	$ 183	$ 153

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Segment Reporting - Operations Reporting by Assets (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Finance receivables, net	$ 45,500	$ 42,172
Leased vehicles, net	44,054	42,882
Total assets	102,558	97,015
North America Segment [Member]
Segment Reporting Information [Line Items]
Finance receivables, net	39,254	35,436
Leased vehicles, net	43,907	42,753
Total assets	93,619	87,618
International Segment [Member]
Segment Reporting Information [Line Items]
Finance receivables, net	6,246	6,736
Leased vehicles, net	147	129
Total assets	$ 8,939	$ 9,397

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Regulatory Capital and Other Regulatory Matters (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 102,558	$ 97,015
International Regulated Bank And Finance Companies [Member]
Capital Requirements on Foreign Financial Institutions [Line Items]
Assets	$ 7,200	$ 7,800

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Label	Element	Value
Continuing Operations [Member]
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 2,656,000,000
Cash and Cash Equivalents, at Carrying Value	us-gaap_CashAndCashEquivalentsAtCarryingValue	$ 4,012,000,000