Equity In Net Assets Of Nonconsolidated Affiliates (Tables)
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12 Months Ended |
Dec. 31, 2022 |
Schedule of Equity Method Investments [Line Items] |
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Schedule of Equity Income |
Revenue and expenses of our joint ventures are not consolidated into our financial statements; rather, our proportionate share of the earnings of each joint venture is reflected as Equity income. | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2022 | | 2021 | | 2020 | Automotive China equity income (loss) | $ | 677 | | | $ | 1,098 | | | $ | 512 | | Other joint ventures equity income (loss) | 159 | | | 203 | | | 162 | | Total Equity income (loss) | $ | 837 | | | $ | 1,301 | | | $ | 674 | |
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Carrying Amount of Investments in Nonconsolidated Affiliates |
Investments in Nonconsolidated Affiliates | | | | | | | | | | | | | December 31, 2022 | | December 31, 2021 | Automotive China carrying amount | $ | 6,714 | | | $ | 7,156 | | Ultium Cells Holdings LLC carrying amount | 1,463 | | | 650 | | Other investments carrying amount | 1,998 | | | 1,871 | | Total equity in net assets of nonconsolidated affiliates | $ | 10,176 | | | $ | 9,677 | |
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Summarized Financial Data for Nonconsolidated Affiliates |
Summarized Financial Data of Nonconsolidated Affiliates | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | December 31, 2021 | | Automotive China JVs | | Others | | Total | | Automotive China JVs | | Others | | Total | Summarized Balance Sheet Data | | | | | | | | | | | | Current assets | $ | 17,735 | | | $ | 17,405 | | | $ | 35,140 | | | $ | 18,176 | | | $ | 18,166 | | | $ | 36,342 | | Non-current assets | 12,428 | | | 10,826 | | | 23,254 | | | 13,948 | | | 10,042 | | | 23,990 | | Total assets | $ | 30,163 | | | $ | 28,231 | | | $ | 58,394 | | | $ | 32,124 | | | $ | 28,208 | | | $ | 60,332 | | | | | | | | | | | | | | Current liabilities | $ | 23,267 | | | $ | 17,498 | | | $ | 40,765 | | | $ | 24,320 | | | $ | 17,141 | | | $ | 41,461 | | Non-current liabilities | 1,167 | | | 3,184 | | | 4,351 | | | 1,223 | | | 5,607 | | | 6,830 | | Total liabilities | $ | 24,434 | | | $ | 20,682 | | | $ | 45,116 | | | $ | 25,543 | | | $ | 22,748 | | | $ | 48,291 | | | | | | | | | | | | | | Noncontrolling interests | $ | 904 | | | $ | — | | | $ | 904 | | | $ | 867 | | | $ | — | | | $ | 867 | |
| | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2022 | | 2021 | | 2020 | Summarized Operating Data | | | | | | Automotive China JVs' net sales | $ | 35,857 | | | $ | 42,776 | | | $ | 38,736 | | Others' net sales | 2,029 | | | 2,017 | | | 1,850 | | Total net sales | $ | 37,886 | | | $ | 44,793 | | | $ | 40,586 | | | | | | | | Automotive China JVs' net income | $ | 1,407 | | | $ | 2,109 | | | $ | 1,239 | | Others' net income | 426 | | | 587 | | | 436 | | Total net income | $ | 1,833 | | | $ | 2,696 | | | $ | 1,675 | |
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Nonconsolidated Affiliates |
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Schedule of Equity Method Investments [Line Items] |
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Transactions with and Balances Related to Nonconsolidated Affiliates |
The following tables summarize transactions with and balances related to our nonconsolidated affiliates: | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2022 | | 2021 | | 2020 | Automotive sales and revenue | $ | 218 | | | $ | 227 | | | $ | 235 | | Automotive purchases, net | $ | 2,637 | | | $ | 1,551 | | | $ | 165 | | Dividends received | $ | 1,030 | | | $ | 783 | | | $ | 1,198 | | Operating cash flows | $ | (1,133) | | | $ | (616) | | | $ | 1,473 | |
| | | | | | | | | | | | | December 31, 2022 | | December 31, 2021 | Accounts and notes receivable, net | $ | 1,089 | | | $ | 1,004 | | Accounts payable | $ | 942 | | | $ | 555 | | Undistributed earnings | $ | 1,918 | | | $ | 2,111 | |
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China JVs |
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Schedule of Equity Method Investments [Line Items] |
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Schedule of Equity Method Investments |
The following table summarizes our direct ownership interests in our China JVs: | | | | | | | | | | | | | December 31, 2022 | | December 31, 2021 | Automotive China JVs | | | | SAIC General Motors Corp., Ltd. (SGM) | 50 | % | | 50 | % | Pan Asia Technical Automotive Center Co., Ltd. | 50 | % | | 50 | % | SAIC General Motors Sales Co., Ltd. (SGMS) | 49 | % | | 49 | % | SAIC GM Wuling Automobile Co., Ltd. (SGMW) | 44 | % | | 44 | % | Shanghai OnStar Telematics Co., Ltd. (Shanghai OnStar) | 40 | % | | 40 | % | SAIC GM (Shenyang) Norsom Motors Co., Ltd. (SGM Norsom) | 25 | % | | 25 | % | SAIC GM Dong Yue Motors Co., Ltd. (SGM DY) | 25 | % | | 25 | % | SAIC GM Dong Yue Powertrain Co., Ltd. (SGM DYPT) | 25 | % | | 25 | % | Other joint ventures | | | | SAIC-GMAC Automotive Finance Company Limited (SAIC-GMAC) | 35 | % | | 35 | % | SAIC-GMF Leasing Co., Ltd. | 35 | % | | 35 | % |
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