v3.22.4
Equity In Net Assets Of Nonconsolidated Affiliates (Tables)
12 Months Ended
Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]  
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,
202220212020
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 
Carrying Amount of Investments in Nonconsolidated Affiliates
Investments in Nonconsolidated Affiliates
December 31, 2022December 31, 2021
Automotive China carrying amount$6,714 $7,156 
Ultium Cells Holdings LLC carrying amount1,463 650 
Other investments carrying amount1,998 1,871 
Total equity in net assets of nonconsolidated affiliates$10,176 $9,677 
Summarized Financial Data for Nonconsolidated Affiliates
Summarized Financial Data of Nonconsolidated Affiliates
December 31, 2022December 31, 2021
Automotive China JVsOthersTotalAutomotive China JVsOthersTotal
Summarized Balance Sheet Data
Current assets$17,735 $17,405 $35,140 $18,176 $18,166 $36,342 
Non-current assets12,428 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 liabilities1,167 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,
202220212020
Summarized Operating Data
Automotive China JVs' net sales$35,857 $42,776 $38,736 
Others' net sales2,029 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 income426 587 436 
Total net income$1,833 $2,696 $1,675 
Nonconsolidated Affiliates  
Schedule of Equity Method Investments [Line Items]  
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,
202220212020
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, 2022December 31, 2021
Accounts and notes receivable, net$1,089 $1,004 
Accounts payable$942 $555 
Undistributed earnings$1,918 $2,111 
China JVs  
Schedule of Equity Method Investments [Line Items]  
Schedule of Equity Method Investments
The following table summarizes our direct ownership interests in our China JVs:
December 31, 2022December 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 %