v3.22.4
GM Financial Receivables and Transactions (Tables) - GM Financial
 12 Months Ended
Dec. 31, 2022
Finance Receivables [Line Items]  
GM Financial Receivables
December 31, 2022December 31, 2021
RetailCommercial(a)TotalRetailCommercial(a)Total
GM Financial receivables$65,322 $10,988 $76,310 $58,093 $6,609 $64,702 
Less: allowance for loan losses(2,062)(34)(2,096)(1,839)(47)(1,886)
GM Financial receivables, net$63,260 $10,954 $74,214 $56,254 $6,562 $62,816 
Fair value of GM Financial receivables utilizing Level 2 inputs$10,954 $6,562 
Fair value of GM Financial receivables utilizing Level 3 inputs$62,150 $57,613 
__________
(a)Net of dealer cash management balances of $1.9 billion and $1.0 billion at December 31, 2022 and 2021. Under the cash management program, subject to certain conditions, a dealer may choose to reduce the amount of interest on its floorplan line by making principal payments to GM Financial in advance.
Allowance for Loan Losses
Years Ended December 31,
202220212020
Allowance for loan losses at beginning of period$1,886 $1,978 $944 
Impact of adoption ASU 2016-13
— — 801 
Provision for loan losses654 248 881 
Charge-offs(1,138)(897)(1,169)
Recoveries686 574 542 
Effect of foreign currency9 (17)(21)
Allowance for loan losses at end of period$2,096 $1,886 $1,978 
Intercompany Transactions The following table shows transactions between our Automotive segments and GM Financial. These amounts are presented in GM Financial's consolidated balance sheets and statements of income.
December 31, 2022December 31, 2021
Consolidated Balance Sheets(a)
Commercial finance receivables, net due from GM consolidated dealers$187 $163 
Receivables due from Cruise$113 $— 
Subvention receivable(b)$469 $282 
Commercial loan funding payable$105 $26 
Years Ended December 31,
202220212020
Consolidated Statements of Income
Interest subvention earned on finance receivables$984 $820 $679 
Leased vehicle subvention earned$1,916 $2,702 $3,042 
__________
(a)All balance sheet amounts are eliminated upon consolidation.
(b)Our Automotive segments made cash payments to GM Financial for subvention of $2.4 billion, $3.3 billion and $3.9 billion in the years ended December 31, 2022, 2021 and 2020.
Retail Finance Receivables  
Finance Receivables [Line Items]  
Finance Receivables Credit Quality The following tables are consolidated summaries of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the retail finance receivables portfolio at December 31, 2022 and 2021:
Year of OriginationDecember 31, 2022
20222021202020192018PriorTotalPercent
Prime – FICO score 680 and greater$22,677 $13,399 $7,991 $2,254 $1,019 $205 $47,543 72.8 %
Near-prime – FICO score 620 to 6793,202 2,601 1,487 688 310 104 8,392 12.8 %
Sub-prime – FICO score less than 6203,211 2,746 1,604 1,051 496 280 9,388 14.4 %
Retail finance receivables, net of fees$29,090 $18,745 $11,081 $3,992 $1,824 $589 $65,322 100.0 %
Year of OriginationDecember 31, 2021
20212020201920182017PriorTotalPercent
Prime – FICO score 680 and greater$19,729 $12,408 $4,078 $2,298 $763 $143 $39,419 67.9 %
Near-prime – FICO score 620 to 6793,856 2,388 1,229 648 274 84 8,479 14.6 %
Sub-prime – FICO score less than 6204,053 2,528 1,777 972 570 295 10,195 17.5 %
Retail finance receivables, net of fees$27,638 $17,324 $7,084 $3,918 $1,607 $522 $58,093 100.0 %
Retail Finance Receivables Delinquency The following tables are consolidated summaries of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at December 31, 2022 and 2021:
Year of OriginationDecember 31, 2022
20222021202020192018PriorTotalPercent
0-to-30 days$28,676 $18,128 $10,702 $3,743 $1,685 $493 $63,426 97.1 %
31-to-60 days310 452 275 184 103 69 1,393 2.1 %
Greater-than-60 days93 150 98 62 35 26 465 0.7 %
Finance receivables more than 30 days delinquent403 603 373 246 138 95 1,857 2.8 %
In repossession11 14 6 4 2 1 39 0.1 %
Finance receivables more than 30 days delinquent or in repossession414 617 380 249 140 96 1,896 2.9 %
Retail finance receivables, net of fees$29,090 $18,745 $11,081 $3,992 $1,824 $589 $65,322 100.0 %

Year of OriginationDecember 31, 2021
20212020201920182017PriorTotalPercent
0-to-30 days$27,270 $16,945 $6,772 $3,721 $1,478 $440 $56,626 97.5 %
31-to-60 days273 276 230 147 97 60 1,083 1.8 %
Greater-than-60 days83 93 76 46 30 21 349 0.6 %
Finance receivables more than 30 days delinquent356 369 306 193 127 81 1,432 2.4 %
In repossession12 10 6 4 2 1 35 0.1 %
Finance receivables more than 30 days delinquent or in repossession368 379 312 197 129 82 1,467 2.5 %
Retail finance receivables, net of fees$27,638 $17,324 $7,084 $3,918 $1,607 $522 $58,093 100.0 %
Commercial Finance Receivables  
Finance Receivables [Line Items]  
Finance Receivables Credit Quality
GM Financial's commercial risk model and risk rating categories are as follows:

RatingDescription
IPerforming accounts with strong to acceptable financial metrics with at least satisfactory capacity to meet financial commitments.
IIPerforming accounts experiencing potential weakness in financial metrics and repayment prospects resulting in increased monitoring.
IIINon-Performing accounts with inadequate paying capacity for current obligations and have the distinct possibility of creating a loss if deficiencies are not corrected.
IVNon-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses that make collection of liquidation in full highly questionable or improbable.
The following tables summarize the credit risk profile by dealer risk rating of commercial finance receivables at December 31, 2022 and 2021:
Year of Origination(a)December 31, 2022
Revolving20222021202020192018PriorTotalPercent
I$9,493 $438 $356 $360 $91 $38 $18 $10,794 98.2 %
II89 — 1 — — — — 91 0.8 %
III78 15 — — 10 — — 104 0.9 %
IV— — — — — — — — — %
Commercial finance receivables, net of fees$9,660 $453 $357 $360 $102 $38 $18 $10,988 100.0 %
_________
(a)Floorplan advances comprise 97% of the total revolving balance. Dealer term loans are presented by year of origination.

Year of Origination(a)December 31, 2021
Revolving20212020201920182017PriorTotalPercent
I$5,210 $420 $396 $120 $50 $50 $10 $6,256 94.7 %
II207 3 16 12 — 3 — 241 3.6 %
III81 8 15 2 — 2 4 112 1.7 %
IV— — — — — — — — — %
Commercial finance receivables, net of fees$5,498 $431 $427 $134 $50 $55 $14 $6,609 100.0 %
__________
(a)Floorplan advances comprise 94% of the total revolving balance. Dealer term loans are presented by year of origination.