Inventories

3 Months Ended

Mar. 31, 2026


	March 31, 2026		December 31, 2025
Total productive material, supplies, and work in process	$	6,782	$	6,405
Finished product, including service parts	8,808		8,062
Total inventories	$	15,590	$	14,467

Inventories are reflected net of allowances totaling $2.3 billion and $2.4 billion, of which $1.5 billion and $1.7 billion are electric vehicle (EV)-related, to remeasure inventory on-hand to net realizable value at March 31, 2026 and December 31, 2025. Tariffs, less available offsets and deductions, are capitalized into the cost of inventories as incurred. Offset amounts in excess of tariffs incurred will be recognized as a reduction to future tariffs.