v3.26.3
Equity in Net Assets of Nonconsolidated Affiliates (Tables)
 9 Months Ended
Sep. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Income
Three Months EndedNine Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Automotive China joint ventures equity income (loss)$32 $80 $280 $197 
Other joint ventures equity income (loss)(a)(b)196 210 (111)487 
Total Equity income (loss)$228 $290 $169 $684 
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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 nine months ended September 30, 2026 and $213 million and $465 million in the three and nine months ended September 30, 2025.
(b)Includes a gain on the sale of an equity method investment of $254 million in the three and nine months ended September 30, 2026.
Schedule of Financial Data for Nonconsolidated Affiliates
Three Months EndedNine Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Summarized Operating Data of Automotive China JVs
Automotive China JVs' net sales$6,649 $6,121 $18,548 $17,270 
Automotive China JVs' net income (loss)$141 $144 $732 $341