Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Cumulative Basis Adjustments for Fair Value Hedges

The following amounts were recorded in the condensed consolidated balance sheets related to items designated and qualifying as hedged items in fair value hedging relationships:


	June 30, 2026				December 31, 2025
	Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)		Carrying Amount of Hedged Items		Cumulative Amount of Fair Value Hedging Adjustments(a)
Short-term unsecured debt	$	4,220	$	30	$	4,633	$	17
Long-term unsecured debt	29,496		709		30,554		676
GM Financial unsecured debt	$	33,716	$	739	$	35,187	$	693

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(a)Includes $321 million and $428 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at June 30, 2026 and December 31, 2025.

GM Financial

Derivative [Line Items]

Schedule of Notional Amounts for Derivative Financial Instruments

The following table presents the gross fair value amounts of GM Financial's derivative financial instruments and the associated notional amounts:


	Fair Value Level	June 30, 2026						December 31, 2025
		Notional		Fair Value of Assets		Fair Value of Liabilities		Notional		Fair Value of Assets		Fair Value of Liabilities
Derivatives designated as hedges(a)
Fair value hedges
Interest rate swaps(b)	2	$	37,105	$	32	$	477	$	33,880	$	88	$	457

Cash flow hedges
Interest rate swaps	2	2,628		21		17		2,302		18		23
Foreign currency swaps(c)	2	9,232		424		103		9,226		580		58
Derivatives not designated as hedges(a)
Interest rate contracts	2	113,658		407		581		122,505		421		637

Total derivative financial instruments(d)		$	162,623	$	884	$	1,178	$	167,913	$	1,107	$	1,175

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(a)The gains/losses included in our condensed consolidated income statements and statements of comprehensive income for the three and six months ended June 30, 2026 and 2025 were insignificant, unless otherwise noted. Amounts accrued for interest payments in a net receivable position are included in Other assets. Amounts accrued for interest payments in a net payable position are included in Other liabilities.

(b)The effect of fair value hedges in the condensed consolidated income statements includes insignificant losses for the three and six months ended June 30, 2026 and 2025.

(c)The effect of foreign currency cash flow hedges recognized in Accumulated other comprehensive loss in the condensed consolidated statements of comprehensive income includes insignificant gains and gains of $489 million for the three months ended June 30, 2026 and 2025, and losses of $156 million and gains of $645 million for the six months ended June 30, 2026 and 2025. The effect of foreign currency cash flow hedges reclassified from Accumulated other comprehensive loss in the condensed consolidated statements of comprehensive income into income includes insignificant losses and gains of $480 million for the three months ended June 30, 2026 and 2025, and losses of $210 million and gains of $711 million for the six months ended June 30, 2026 and 2025. All amounts reclassified from Accumulated other comprehensive loss were recorded to GM Financial interest, operating, and other expenses in the condensed consolidated income statements.

(d)The fair value of derivative instruments that are classified as assets or liabilities available for offset was $481 million at June 30, 2026 and $520 million at December 31, 2025. GM Financial held an insignificant amount of collateral from counterparties available for netting against GM Financial's asset positions, and posted $647 million and $615 million of collateral to counterparties available for netting against GM Financial's liability positions at June 30, 2026 and December 31, 2025.