| Shareholders' Equity |
Shareholders' Equity | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Common Stock | | | | | Number of shares authorized | 10,000,000 | | | 10,000,000 | | | Number of shares issued and outstanding | 5,050,000 | | | 5,050,000 | |
Our Board of Directors declared and paid dividends of $250 million and $350 million on our common stock to GM during the three months ended September 30, 2026 and 2025, and $1.2 billion and $1.1 billion during the nine months ended September 30, 2026 and 2025. | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Preferred Stock | | | | | Number of shares authorized | 250,000,000 | | | 250,000,000 | | Number of shares issued and outstanding(a) | | | | Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock,
Series A (Series A Preferred Stock) | 1,000,000 | | | 1,000,000 | | Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock,
Series B (Series B Preferred Stock) | 500,000 | | | 500,000 | | Fixed-Rate Reset Cumulative Perpetual Preferred Stock,
Series C (Series C Preferred Stock) | 500,000 | | | 500,000 | |
_________________ (a)Issued at a liquidation preference of $1,000 per share. During both the nine months ended September 30, 2026 and 2025, we paid dividends of $58 million to holders of record of our Series A Preferred Stock, $33 million to holders of record of our Series B Preferred Stock, and $29 million to holders of record of our Series C Preferred Stock. The following table summarizes the significant components of accumulated other comprehensive income (loss): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Unrealized gain (loss) on hedges | | | | | | | | | Beginning balance | $ | (7) | | | $ | (18) | | | $ | (67) | | | $ | 77 | | | Change in value of hedges, net of tax | 1 | | | (36) | | | 61 | | | (132) | | | Ending balance | $ | (6) | | | $ | (55) | | | $ | (6) | | | $ | (55) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation adjustments | | | | | | | | | Beginning balance | $ | (1,269) | | | $ | (1,404) | | | $ | (1,335) | | | $ | (1,609) | | | Translation gain (loss) | (19) | | | 30 | | | 46 | | | 235 | | | Ending balance | $ | (1,288) | | | $ | (1,374) | | | $ | (1,288) | | | $ | (1,374) | | | | | | | | | |
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