v3.26.3
Debt
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Debt Debt
September 30, 2026December 31, 2025
Carrying AmountFair ValueCarrying AmountFair Value
Secured debt
Revolving credit facilities$9,017 $9,017 $1,869 $1,869 
Securitization notes payable40,466 40,354 45,035 45,384 
Total secured debt49,484 49,372 46,904 47,252 
Unsecured debt
Senior notes52,319 52,525 55,848 57,277 
Credit facilities2,744 2,752 2,863 2,881 
Other unsecured debt8,397 8,431 8,415 8,449 
Total unsecured debt63,460 63,708 67,127 68,607 
Total secured and unsecured debt$112,944 $113,079 $114,031 $115,860 
Fair value utilizing Level 2 inputs$109,972 $113,180 
Fair value utilizing Level 3 inputs$3,108 $2,679 
Secured Debt Most of the secured debt was issued by VIEs and is repayable only from proceeds related to the underlying pledged assets. Refer to Note 8 for further information.
During the nine months ended September 30, 2026, we renewed and upsized revolving credit facilities with a total borrowing capacity of $19.2 billion, and we issued $11.5 billion in aggregate principal amount of securitization notes payable with an initial weighted average interest rate of 3.82% and maturity dates ranging from 2026 to 2035.
Unsecured Debt During the nine months ended September 30, 2026, we issued $5.6 billion in aggregate principal amount of senior notes with an initial weighted average interest rate of 4.90% and maturity dates ranging from 2029 to 2036.
General Motors Financial Company, Inc. is the sole guarantor of its subsidiaries' unsecured debt obligations for which a guarantee is provided.
Compliance with Debt Covenants Several of our revolving credit facilities require compliance with certain financial and operational covenants as well as regular reporting to lenders, including providing certain subsidiary financial statements. Certain of our secured debt agreements also contain various covenants, including maintaining portfolio performance ratios as well as limits on deferment levels. Our unsecured debt obligations contain covenants including limitations on our ability to incur certain liens. At September 30, 2026, we were in compliance with these debt covenants.