v3.26.1
Equity in Net Assets of Nonconsolidated Affiliates (Tables)
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Income
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Automotive China joint ventures equity income (loss)$83 $71 $248 $116 
Other joint ventures equity income (loss)(a)(408)19 (307)277 
Total Equity income (loss)$(324)$91 $(58)$394 
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(a)Equity income (loss) related to Ultium Cells Holdings LLC, an equally owned joint venture with LG Energy Solution, is presented in Automotive and other cost of sales as this entity has historically been integral to the operations of our business by providing battery cells for our EVs. Equity income (loss) in Ultium Cells Holdings LLC was insignificant in the three and six months ended June 30, 2026 and insignificant and $252 million in the three and six months ended June 30, 2025.
Schedule of Financial Data for Nonconsolidated Affiliates
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Summarized Operating Data of Automotive China JVs
Automotive China JVs' net sales$6,207 $6,084 $11,900 $11,149 
Automotive China JVs' net income (loss)$252 $127 $591 $197