Debt

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Debt

Debt

	June 30, 2022				December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Secured debt
Revolving credit facilities	$	1,288	$	1,288	$	3,497	$	3,495
Securitization notes payable	36,806		36,296		35,841		35,906
Total secured debt	38,095		37,584		39,338		39,401
Unsecured debt
Senior notes	47,003		44,672		45,386		46,539
Credit facilities	1,348		1,324		1,229		1,211
Other unsecured debt	7,158		7,152		6,608		6,607
Total unsecured debt	55,509		53,148		53,223		54,357
Total secured and unsecured debt	$	93,603	$	90,732	$	92,561	$	93,758
Fair value utilizing Level 2 inputs			$	89,003			$	92,250
Fair value utilizing Level 3 inputs			$	1,729			$	1,508

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 information.

During the six months ended June 30, 2022, we renewed credit facilities with a total borrowing capacity of $10.6 billion, and we issued $12.3 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 2.57% and maturity dates ranging from 2023 to 2029.

Unsecured Debt During the six months ended June 30, 2022, we issued $7.6 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 3.35% and maturity dates ranging from 2024 to 2032.

General Motors Financial Company, Inc. is the sole guarantor of its subsidiaries' unsecured debt obligations for which a guarantee is provided.

Compliance with Debt Covenants Several 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 debt obligations contain covenants including limitations on our ability to incur certain liens. At June 30, 2022, we were in compliance with these debt covenants.