Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Summary of Common and Preferred Stock

	June 30, 2023	December 31, 2022
Common Stock
Number of shares authorized	10,000,000	10,000,000
Number of shares issued and outstanding	5,050,000	5,050,000

During the six months ended June 30, 2023 and 2022, our Board of Directors declared and paid dividends of $900 million and $750 million on our common stock to General Motors Holdings LLC.

	June 30, 2023	December 31, 2022
Preferred Stock
Number of shares authorized	250,000,000	250,000,000
Number of shares issued and outstanding
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock)	1,000,000	1,000,000
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B (Series B Preferred Stock)	500,000	500,000
Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series C (Series C Preferred Stock)	500,000	500,000

Schedule of Accumulated Other Comprehensive Loss

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Unrealized gain (loss) on hedges
Beginning balance	$	(73)	$	19	$	(21)	$	(77)
Change in value of hedges, net of tax	11		21		(42)		116
Ending balance	(63)		39		(63)		39
Defined benefit plans
Beginning balance	1		—		1		1
Unrealized gain (loss) on subsidiary pension, net of tax	—		—		—		—
Ending balance	1		—		1		—
Foreign currency translation adjustment
Beginning balance	(1,251)		(1,053)		(1,351)		(1,197)
Translation gain (loss), net of tax	—		(213)		102		(69)
Ending balance	(1,250)		(1,266)		(1,250)		(1,266)
Total accumulated other comprehensive income (loss)	$	(1,312)	$	(1,226)	$	(1,312)	$	(1,226)