Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 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:


	September 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	$	3,479	$	21	$	4,633	$	17
Long-term unsecured debt	28,996		1,209		30,554		676
GM Financial unsecured debt	$	32,474	$	1,230	$	35,187	$	693

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(a)Includes $362 million and $428 million of unamortized losses remaining on hedged items for which hedge accounting has been discontinued at September 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	September 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	$	32,554	$	5	$	923	$	33,880	$	88	$	457

Cash flow hedges
Interest rate swaps	2	2,779		18		12		2,302		18		23
Foreign currency swaps(c)	2	8,655		311		132		9,226		580		58
Derivatives not designated as hedges(a)
Interest rate contracts	2	117,643		806		1,030		122,505		421		637
Foreign currency contracts	2	211		—		—		—		—		—
Total derivative financial instruments(d)		$	161,842	$	1,140	$	2,097	$	167,913	$	1,107	$	1,175

__________

(a)The gains/losses included in our condensed consolidated income statements and statements of comprehensive income for the three and nine months ended September 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 months ended September 30, 2026 and 2025 and losses of $108 million and $164 million for the nine months ended September 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 losses for the three months ended September 30, 2026 and 2025, and losses of $200 million and gains of $578 million for the nine months ended September 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 for the three months ended September 30, 2026 and 2025 and losses of $253 million and gains of $675 million for the nine months ended September 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 $805 million at September 30, 2026 and $520 million at December 31, 2025. GM Financial held $137 million and an insignificant amount of collateral from counterparties available for netting against GM Financial's asset positions and posted $1.2 billion and $615 million of collateral to counterparties available for netting against GM Financial's liability positions at September 30, 2026 and December 31, 2025.