Financial Analysis

Debt Automotive The following table presents debt in our automotive operations: December 31, 2025 December 31, 2024 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt $ 164 $ 164 $ 105 $ 105 Unsecured debt(a) 15,468 15,434 14,980 14,709 Finance lease liabilities 615 614 383 391 Total automotive debt(b) $ 16,247 $ 16,213 $ 15,467 $ 15,204 Fair value utilizing Level 1 inputs $ 15,065 $ 14,366 Fair value utilizing Level 2 inputs $ 1,148 $ 838 Available under credit facility agreements(c) $ 13,913 $ 13,793 Weighted-average interest rate on outstanding short-term debt(d) 12.6 % 7.3 % Weighted-average interest rate on outstanding long-term debt(d) 5.8 % 5.8 % __________ (a) Primarily consists of senior notes. (b) Includes net discount and debt issuance costs of $445 million and $439 million at December 31, 2025 and 2024. (c) Excludes our 364-day, $2.0 billion facility allocated for exclusive use by GM Financial. (d) Inc ludes coupon rates on debt denominated in various foreign currencies and interest free loans. In March 2025, we renewed our five-year, $10.0 billion facility, which now matures March 25, 2030. We also renewed our three-year, $4.1 billion facility, which now matures March 25, 2028, and renewed our 364-day, $2.0 billion revolving credit facility allocated for the exclusive use of GM Financial, which now matures March 24, 2026. In May 2025, we issued $2.0 billion in aggregate principal amount of senior unsecured notes with a weighted average interest ra …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table disaggregates our revenue by major source : Year Ended December 31, 2025 GMNA GMI Corporate Total Automotive Cruise GM Financial Eliminations/ Reclassifications Total Vehicle, parts, and accessories $ 148,076 $ 12,290 $ 145 $ 160,511 $ $ $ $ 160,511 Used vehicles 1,700 37 1,737 1,737 Services and other 4,541 1,100 82 5,723 1 5,724 Automotive net sales and revenue 154,317 13,427 227 167,970 1 167,971 Leased vehicle income 7,800 7,800 Finance charge income 8,173 (4) 8,169 Other income 1,087 (8) 1,079 GM Financial net sales and revenue 17,060 (12) 17,048 Net sales and revenue $ 154,317 $ 13,427 $ 227 $ 167,970 $ 1 $ 17,060 $ (12) $ 185,019 Year Ended December 31, 2024 GMNA GMI Corporate Total Automotive Cruise GM Financial Eliminations/ Reclassifications Total Vehicle, parts, and accessories $ 152,306 $ 12,775 $ 90 $ 165,171 $ $ $ (1) $ 165,170 Used vehicles 1,259 31 1,290 1,290 Services and other 3,944 1,084 116 5,145 257 (255) 5,147 Automotive net sales and revenue 157,509 13,890 206 171,605 257 (256) 171,606 Leased vehicle income 7,297 7,297 Finance charge income 7,669 (33) 7,636 Other income 910 (7) 903 GM Financial net sales and revenue 15,875 (40) 15,836 Net sales and revenue $ 157,509 $ 13,890 $ 206 $ 171,605 $ 257 $ 15,875 $ (296) $ 187,442 Year Ended December 31, 2023 GMNA GMI Corporate Total Automotive Cruise GM Financial Eliminations/ Reclassifications Total Vehicle, parts, and accessories $ 136,983 $ 14,424 $ 113 $ 151,520 $ $ $ (10) $ 151,510 Use …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Stock Incentive Plans GM Stock Incentive Awards We grant to certain employees RSUs, PSUs, and stock options (collectively, stock incentive awards) under our 2020 LTIP and prior to the 2020 LTIP, under our 2017 and 2014 LTIP. To the extent any shares remain available for issuance under the 2017 LTIP and/or the 2014 LTIP, such shares will only be used to settle outstanding awards that were previously granted under such plans prior to the approval of the 2020 LTIP in June 2020. The awards under the plans are subject to forfeiture if the participant leaves the Company for reasons other than those permitted under the plans such as retirement, death, or disability. RSU awards granted ratably vest generally over a three-year service period, as defined in the terms of each award. PSU awards vest at the end of a three-year performance period, based on performance criteria determined by the Executive Compensation Committee of the Board of Directors at the time of award. The number of shares earned, or units paid in cash, may equal, exceed, or be less than the targeted number depending on whether the performance criteria are met, surpassed, or not met. Our service-based stock options vest ratably over three years. Stock options expire 10 years from the grant date. Equity-Classified Awards Shares (in millions) Weighted-Average Grant Date Fair Value Weighted-Average Remaining Contractual Term in Years Units outstanding at January 1, 2025 34.9 $ 31.52 3.0 Granted 8.6 $ 50.88 Settled (15.0) …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Goodwill and Intangible Assets Goodwill of $1.9 billion consisted of $1.3 billion in GM Financial and $571 million in GMNA at December 31, 2025. Goodwill of $1.9 billion consisted of $1.3 billion in GM Financial and $569 million in Cruise at December 31, 2024. During the three months ended March 31, 2025, $571 million of goodwill recorded in the Cruise segment was reallocated to the GMNA segment. The reallocation of the goodwill reflects the wind down of the Cruise robotaxi operations and combination of the GM and Cruise technical efforts in our GMNA segment to build on the success of Super Cruise and prioritize the development of ADAS on a path to fully autonomous personal vehicles. We performed goodwill impairment tests prior to and after the reallocation and determined that the goodwill was not impaired. December 31, 2025 December 31, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Technology and intellectual property $ 394 $ 394 $ 1 554 483 $ 71 Brands 4,289 1,985 2,305 4,288 1,873 2,415 Dealer network, customer relationships, and other 950 801 148 957 793 164 Total intangible assets $ 5,633 $ 3,179 $ 2,454 $ 5,799 $ 3,149 $ 2,649 Our amortization expense related to intangible assets was $145 million, $146 million, and $114 million in the years ended December 31, 2025, 2024, and 2023. In the year ended December 31, 2025, we recorded an insignificant amount of impairment charges asso …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes Years Ended December 31, 2025 2024 2023 U.S. income (loss) $ (42) $ 9,715 $ 6,284 Non-U.S. income (loss) 3,159 (1,196) 4,119 Income (loss) before income taxes $ 3,117 $ 8,519 $ 10,403 Years Ended December 31, 2025 2024 2023 Current income tax expense (benefit) U.S. federal $ 133 $ 202 $ 240 U.S. state and local 211 309 490 Non-U.S. 1,243 676 874 Total current income tax expense (benefit) 1,587 1,188 1,605 Deferred income tax expense (benefit) U.S. federal (789) 891 (120) U.S. state and local (177) 101 (43) Non-U.S. (283) 376 (878) Total deferred income tax expense (benefit) (1,249) 1,368 (1,041) Total income tax expense (benefit) $ 338 $ 2,556 $ 563 The Non-U.S. deferred income tax benefit in the year ended December 31, 2023 relates primarily to the release of a valuation allowance in Korea. Provisions are made for estimated U.S. and non-U.S. income taxes which may be incurred on the reversal of our basis differences in investments in foreign subsidiaries and corporate joint ventures not deemed to be indefinitely reinvested. Taxes have not been provided on basis differences in investments primarily as a result of earnings in foreign subsidiaries which are deemed indefinitely reinvested of $7.6 billion and $6.1 billion at December 31, 2025 and 2024. We have indefinitely reinvested basis differences related to investments in non-consolidated China JVs of $1.4 billion at December 31, 2025 and December 31, 2024 as a result of fresh-start reporting. Quantification of …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"Accounting Standards Not Yet Adopted In September 2025, the Financial Accounting Standards Board (FASB) issued ASU 2025-06 ""Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software"" (ASU 2025-06) which modernizes the accounting for internal-use software to current development practices, clarifies when to begin capitalizing costs, and enhances disclosure requirements. This update is effective for interim and annual periods beginning after December 15, 2027, with early adoption permitted. ASU 2025-06 is not expected to significantly change our current accounting for internal-use software. In December 2025, the FASB issued ASU 2025-10 ""Accounting for Government Grants Received by Business Entities"" (ASU 2025-10) to establish guidance on the recognition, measurement, and presentation of government grants received by business entities. The new guidance leverages the principles in the accounting framework for government assistance in International Accounting Standard 20 ""Accounting for Government Grants and Disclosure of Government Assistance"". The new guidance is effective for public business entities in annual periods beginning after December 15, 2028, with early adoption permitted. ASU 2025-10 is not expected to significantly change our current accounting for incentives from federal, state, and local governments."

NewAccountingPronouncementsPolicyPolicyTextBlock

Pensions and Other Postretirement Benefits Employee Pension and Other Postretirement Benefit Plans Defined Benefit Pension Plans Defined benefit pension plans covering eligible U.S. hourly employees (hired prior to October 2007) and Canadian hourly employees (hired prior to October 2016) generally provide benefits of negotiated, stated amounts for each year of service and supplemental benefits for employees who retire with 30 years of service before normal retirement age. The benefits provided by the defined benefit pension plans covering eligible U.S. (hired prior to January 1, 2001) and Canadian salaried employees and employees in certain other non-U.S. locations are generally based on years of service and compensation history. Accrual of defined pension benefits ceased in 2012 for U.S. and Canadian salaried employees. There is also an unfunded nonqualified pension plan primarily covering U.S. executives for service prior to January 1, 2007 and it is based on an excess plan for service after that date. The funding policy for qualified defined benefit pension plans is to contribute annually not less than the minimum required by applicable laws and regulations or to directly pay benefit payments where appropriate. In the year ended December 31, 2025, all legal funding requirements were met. The following table summarizes contributions made to the defined benefit pension plans: Years Ended December 31, 2025 2024 2023 U.S. hourly and salaried $ 67 $ 526 $ 357 Non-U.S. 134 653 3 …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Restructuring and Other Initiatives We have executed various restructuring and other initiatives and we may execute additional initiatives in the future, if necessary, to streamline manufacturing capacity and reduce other costs to improve the utilization of remaining facilities. To the extent these programs involve voluntary separations, a liability is generally recorded at the time offers to employees are accepted. To the extent these programs provide separation benefits in accordance with pre-existing agreements, a liability is recorded once the amount is probable and reasonably estimable. If employees are involuntarily terminated, a liability is generally recorded at the communication date. Related charges are recorded in Automotive and other cost of sales and Automotive and other selling, general, and administrative expense. The following table summarizes the reserves and charges related to restructuring and other initiatives, including postemployment benefit reserves and charges: Years Ended December 31, 2025 2024 2023 Balance at beginning of period $ 1,243 $ 779 $ 520 Additions, interest accretion, and other 4,939 1,790 1,831 Payments (2,141) (1,303) (1,597) Revisions to estimates and effect of foreign currency (93) (22) 25 Balance at end of period $ 3,948 $ 1,243 $ 779 We have made significant investments and contractual commitments in the development of EVs to help our vehicle fleet comply with emissions and fuel economy regulations that were scheduled to become incre …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Revenue The following table disaggregates our revenue by major source : Year Ended December 31, 2025 GMNA GMI Corporate Total Automotive Cruise GM Financial Eliminations/ Reclassifications Total Vehicle, parts, and accessories $ 148,076 $ 12,290 $ 145 $ 160,511 $ $ $ $ 160,511 Used vehicles 1,700 37 1,737 1,737 Services and other 4,541 1,100 82 5,723 1 5,724 Automotive net sales and revenue 154,317 13,427 227 167,970 1 167,971 Leased vehicle income 7,800 7,800 Finance charge income 8,173 (4) 8,169 Other income 1,087 (8) 1,079 GM Financial net sales and revenue 17,060 (12) 17,048 Net sales and revenue $ 154,317 $ 13,427 $ 227 $ 167,970 $ 1 $ 17,060 $ (12) $ 185,019 Year Ended December 31, 2024 GMNA GMI Corporate Total Automotive Cruise GM Financial Eliminations/ Reclassifications Total Vehicle, parts, and accessories $ 152,306 $ 12,775 $ 90 $ 165,171 $ $ $ (1) $ 165,170 Used vehicles 1,259 31 1,290 1,290 Services and other 3,944 1,084 116 5,145 257 (255) 5,147 Automotive net sales and revenue 157,509 13,890 206 171,605 257 (256) 171,606 Leased vehicle income 7,297 7,297 Finance charge income 7,669 (33) 7,636 Other income 910 (7) 903 GM Financial net sales and revenue 15,875 (40) 15,836 Net sales and revenue $ 157,509 $ 13,890 $ 206 $ 171,605 $ 257 $ 15,875 $ (296) $ 187,442 Year Ended December 31, 2023 GMNA GMI Corporate Total Automotive Cruise GM Financial Eliminations/ Reclassifications Total Vehicle, parts, and accessories $ 136,983 $ 14,424 $ 113 $ 151,520 $ $ $ (10) $ 151 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment Reporting Our chief operating decision-maker, who is Chair and Chief Executive Officer, analyzes the results of our business through the following reportable segments: GMNA, GMI, and GM Financial. Our chief operating decision-maker evaluates the operating results and performance of our Automotive operations through EBIT-adjusted, which is presented net of noncontrolling interests. Our chief operating decision-maker evaluates GM Financial through EBT-adjusted because interest income and interest expense are an integral part of its operational and financial performance. These financial metrics are used to view operating trends, perform analytical comparisons and benchmark performance between periods and among geographic regions, and to monitor budget-to-actual variances on a monthly basis. To manage operations and make decisions regarding resource allocations, our chief operating decision-maker is regularly provided and reviews expense information at a consolidated, functional level for our global purchasing and supply chain, manufacturing, and engineering functions. Warranty and quality metrics are also viewed on a consolidated basis. Currently, a focus is being placed on driving an efficient, consolidated fixed cost structure and managing overall global headcount. Vehicle-level profitability metrics are also reviewed during the planning stage and throughout a program's life cycle on a forecasted basis, and not on an actual basis. Each segment has a manager responsible …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Significant Accounting Policies The accounting policies that follow are utilized by our automotive, automotive financing, and Cruise operations, unless otherwise indicated. Revenue Recognition Automotive Automotive net sales and revenue represents the amount of consideration to which we expect to be entitled in exchange for vehicle, parts, accessories, services, and other sales. The consideration recognized represents the amount received, typically shortly after the sale to a customer, net of estimated dealer and customer sales incentives we reasonably expect to pay. Significant factors in determining our estimates of incentives include forecasted sales volume, product mix, and the rate of customer acceptance of incentive programs, all of which are estimated based on historical experience and assumptions concerning future customer behavior and market conditions. Subsequent adjustments to incentive estimates are possible as facts and circumstances change over time. A portion of the consideration received is deferred for separate performance obligations, such as software-enabled services and subscriptions, vehicle connectivity, customer rewards programs, maintenance, and extended warranty, that will be provided to our customers at a future date. Taxes assessed by various government entities, such as sales, use, and value-added taxes, collected at the time of the vehicle sale are excluded from Automotive net sales and revenue. Costs for shipping and handling activities that occ …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Stockholders Equity and Noncontrolling Interests We have 2.0 billion shares of preferred stock and 5.0 billion shares of common stock authorized for issuance. We had no shares of preferred stock issued and outstanding at December 31, 2025 and 2024. We had 904 million and 995 million shares of common stock issued and outstanding at December 31, 2025 and 2024. Common Stock Holders of our common stock are entitled to dividends at the sole discretion of our Board of Directors. Our dividends declared per common share were $0.57, $0.48, and $0.36 and our total dividends paid on common stock were $538 million, $530 million, and $477 million for the years ended December 31, 2025, 2024, and 2023. Holders of common stock are entitled to one vote per share on all matters submitted to our stockholders for a vote. The liquidation rights of holders of our common stock are secondary to the payment or provision for payment of all our debts and liabilities and to holders of our preferred stock, if any such shares are then outstanding. In the year ended December 31, 2023, we entered into ASR agreements to repurchase an aggregate amount of $10.0 billion of our common stock under our authorized share repurchase program, and immediately received and retired 215 million shares of our common stock. In the year ended December 31, 2024, we received and retired 29 million additional shares upon settlement of the transactions contemplated under the ASR agreements. Upon settlement, the amount over par w …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Debt Automotive The following table presents debt in our automotive operations: June 30, 2026 December 31, 2025 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt $ 236 $ 236 $ 164 $ 164 Unsecured debt(a) 15,332 15,161 15,468 15,434 Finance lease liabilities 410 408 615 614 Total automotive debt(b) $ 15,979 $ 15,804 $ 16,247 $ 16,213 Fair value utilizing Level 1 inputs $ 14,822 $ 15,065 Fair value utilizing Level 2 inputs $ 983 $ 1,148 Available under credit facility agreements(c) $ 13,900 $ 13,913 Weighted-average interest rate on outstanding short-term debt(d) 4.8 % 12.6 % Weighted-average interest rate on outstanding long-term debt(d) 5.8 % 5.8 % __________ (a) Primarily consists of senior notes. (b) Includes net discount and debt issuance costs of $434 million and $445 million at June 30, 2026 and December 31, 2025. (c) Excludes our 364-day, $2.0 billion facility allocated for exclusive use by GM Financial. (d) Includes coupon rates on debt denominated in various foreign currencies and interest free loans. In March 2026, we renewed our 364-day, $2.0 billion revolving credit facility allocated for the exclusive use of GM Financial, which now matures on March 22, 2027. GM Financial The following table presents debt of GM Financial: June 30, 2026 December 31, 2025 Carrying Amount Fair Value Carrying Amount Fair Value Secured debt $ 46,416 $ 46,541 $ 46,904 $ 47,252 Unsecured debt 65,303 66,347 67,127 68,607 Total GM Financial debt $ 111,719 $ 112,887 $ 114,03 …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table disaggregates our revenue by major source: Three Months Ended June 30, 2026 GMNA GMI Corporate Total Automotive GM Financial Eliminations/Reclassifications Total Vehicle, parts, and accessories $ 38,062 $ 3,396 $ 125 $ 41,583 $ $ $ 41,583 Used vehicles 621 11 632 632 Services and other 1,229 284 34 1,547 1,547 Automotive net sales and revenue 39,911 3,691 159 43,762 43,762 Leased vehicle income 1,970 1,970 Finance charge income 2,006 2,006 Other income 291 (3) 289 GM Financial net sales and revenue 4,267 (3) 4,264 Net sales and revenue $ 39,912 $ 3,691 $ 159 $ 43,762 $ 4,267 $ (3) $ 48,026 Three Months Ended June 30, 2025 GMNA GMI Corporate Total Automotive Cruise GM Financial Eliminations/Reclassifications Total Vehicle, parts, and accessories $ 37,893 $ 3,075 $ 30 $ 40,998 $ $ $ $ 40,998 Used vehicles 515 9 524 524 Services and other 1,078 243 27 1,348 1,348 Automotive net sales and revenue 39,486 3,326 57 42,869 42,869 Leased vehicle income 1,940 1,940 Finance charge income 2,048 2,048 Other income 267 (2) 265 GM Financial net sales and revenue 4,255 (2) 4,253 Net sales and revenue $ 39,486 $ 3,326 $ 57 $ 42,869 $ $ 4,255 $ (2) $ 47,122 Six Months Ended June 30, 2026 GMNA GMI Corporate Total Automotive GM Financial Eliminations/Reclassifications Total Vehicle, parts, and accessories $ 72,864 $ 5,967 $ 192 $ 79,023 $ $ $ 79,023 Used vehicles 1,037 20 1,057 1,057 Services and other 2,411 563 57 3,031 3,032 Automotive net sales and revenue 76,312 6,550 249 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Income Taxes In the three months ended June 30, 2026 and 2025, Income ta x expense of $214 million and $481 million was primarily due to tax expense attributable to entities included in our effective tax rate calculation . In the six months ended June 30, 2026 and 2025, Income ta x expense of $856 million and $1.2 billion was primarily due to tax expense attributable to entities included in our effective tax rate calculation .

IncomeTaxDisclosureTextBlock

"Accounting Standards Not Yet Adopted In May 2026, the Financial Accounting Standards Board issued ASU 2026-02 ""Environmental Credits and Environmental Credit Obligations (Topic 818)"" (ASU 2026-02), which establishes authoritative guidance for the recognition, measurement, presentation, and disclosure of environmental credits and environmental credit obligations. This update is effective for interim and annual periods beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact of the adoption of ASU 2026-02 on our condensed consolidated financial statements and the ultimate impact may continue to be affected by actions taken by the U.S. Government that may change regulations relating to fuel economy and emissions standards. Refer to Note 13 for additional information."

NewAccountingPronouncementsPolicyPolicyTextBlock

Pensions and Other Postretirement Benefits Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 Pension Benefits Global OPEB Plans Pension Benefits Global OPEB Plans U.S. Non-U.S. U.S. Non-U.S. Service cost $ 39 $ 36 $ 2 $ 42 $ 59 $ 3 Interest cost 431 115 50 498 14 54 Expected return on plan assets (569) (127) (648) (17) Amortization of prior service cost (credit) 16 2 16 2 Amortization of net actuarial (gains) losses 2 15 (1) 3 10 (4) Net periodic pension and OPEB (income) expense $ (81) $ 41 $ 51 $ (89) $ 68 $ 53 Six Months Ended June 30, 2026 Six Months Ended June 30, 2025 Pension Benefits Global OPEB Plans Pension Benefits Global OPEB Plans U.S. Non-U.S. U.S. Non-U.S. Service cost $ 78 $ 72 $ 4 $ 83 $ 89 $ 5 Interest cost 862 231 100 997 34 109 Expected return on plan assets (1,140) (252) (1,296) (42) Amortization of prior service cost (credit) 32 4 32 4 Amortization of net actuarial (gains) losses 5 29 (3) 5 20 (8) Net periodic pension and OPEB (income) expense $ (163) $ 84 $ 101 $ (179) $ 105 $ 106 The non-service cost components of net periodic pension and other postretirement benefits (OPEB) income presented in Interest income and other non-operating income, net are insignificant in the three and six months ended June 30, 2026 and 2025. …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Restructuring and Other Initiatives We have executed various restructuring and other initiatives and we may execute additional initiatives in the future, if necessary, to streamline manufacturing capacity and reduce other costs to improve the utilization of remaining facilities. To the extent these programs involve voluntary separations, a liability is generally recorded at the time offers to employees are accepted. To the extent these programs provide separation benefits in accordance with pre-existing agreements, a liability is recorded once the amount is probable and reasonably estimable. If employees are involuntarily terminated, a liability is generally recorded at the communication date. Related charges are recorded in Automotive and other cost of sales and Automotive and other selling, general, and administrative expense. The following table summarizes the reserves and charges related to restructuring and other initiatives, including postemployment benefit reserves and charges: Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Balance at beginning of period $ 2,588 $ 1,021 $ 3,948 $ 1,243 Additions, interest accretion, and other 1,155 370 2,225 502 Reductions and payments(a) (1,510) (541) (3,938) (894) Revisions to estimates and effect of foreign currency 1 4 4 Balance at end of period $ 2,234 $ 854 $ 2,234 $ 854 __________ (a) Includes amounts that have been reclassified to accounts payable that are being processed for payment …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Revenue The following table disaggregates our revenue by major source: Three Months Ended June 30, 2026 GMNA GMI Corporate Total Automotive GM Financial Eliminations/Reclassifications Total Vehicle, parts, and accessories $ 38,062 $ 3,396 $ 125 $ 41,583 $ $ $ 41,583 Used vehicles 621 11 632 632 Services and other 1,229 284 34 1,547 1,547 Automotive net sales and revenue 39,911 3,691 159 43,762 43,762 Leased vehicle income 1,970 1,970 Finance charge income 2,006 2,006 Other income 291 (3) 289 GM Financial net sales and revenue 4,267 (3) 4,264 Net sales and revenue $ 39,912 $ 3,691 $ 159 $ 43,762 $ 4,267 $ (3) $ 48,026 Three Months Ended June 30, 2025 GMNA GMI Corporate Total Automotive Cruise GM Financial Eliminations/Reclassifications Total Vehicle, parts, and accessories $ 37,893 $ 3,075 $ 30 $ 40,998 $ $ $ $ 40,998 Used vehicles 515 9 524 524 Services and other 1,078 243 27 1,348 1,348 Automotive net sales and revenue 39,486 3,326 57 42,869 42,869 Leased vehicle income 1,940 1,940 Finance charge income 2,048 2,048 Other income 267 (2) 265 GM Financial net sales and revenue 4,255 (2) 4,253 Net sales and revenue $ 39,486 $ 3,326 $ 57 $ 42,869 $ $ 4,255 $ (2) $ 47,122 Six Months Ended June 30, 2026 GMNA GMI Corporate Total Automotive GM Financial Eliminations/Reclassifications Total Vehicle, parts, and accessories $ 72,864 $ 5,967 $ 192 $ 79,023 $ $ $ 79,023 Used vehicles 1,037 20 1,057 1,057 Services and other 2,411 563 57 3,031 3,032 Automotive net sales and revenue 76,312 6 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment Reporting Our chief operating decision-maker, who is Chair and Chief Executive Officer, analyzes the results of our business through the following reportable segments: GMNA, GMI, and GM Financial. Our chief operating decision-maker evaluates the operating results and performance of our Automotive operations through earnings before interest and income taxes (EBIT)-adjusted, which is presented net of noncontrolling interests. Our chief operating decision-maker evaluates GM Financial through earnings before income taxes-adjusted (EBT-adjusted) because interest income and interest expense are an integral part of its operational and financial performance. These financial metrics are used to view operating trends, perform analytical comparisons and benchmark performance between periods and among geographic regions, and to monitor budget-to-actual variances on a monthly basis. To manage operations and make decisions regarding resource allocations, our chief operating decision-maker is regularly provided and reviews expense information at a consolidated, functional level for our global purchasing and supply chain, manufacturing, and engineering functions. Warranty and quality metrics are also viewed on a consolidated basis. Currently, a focus is being placed on driving an efficient, consolidated fixed cost structure and managing overall global headcount. Vehicle-level profitability metrics are also reviewed during the planning stage and throughout a program's life cycle on a …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Stockholders' Equity and Noncontrolling Interests We have 2.0 billion shares of preferred stock and 5.0 billion shares of common stock authorized for issuance. We had no shares of preferred stock issued and outstanding at June 30, 2026 and December 31, 2025. We had 877 million and 904 million shares of common stock issued and outstanding at June 30, 2026 and December 31, 2025. Common Stock Holders of our common stock are entitled to dividends at the sole discretion of our Board of Directors. Our dividends declared per common share were $0.18 and $0.36 for the three and six months ended June 30, 2026 and $0.15 and $0.27 for the three and six months ended June 30, 2025. Our total dividends paid on common stock were $160 million and $324 million for the three and six months ended June 30, 2026 and $144 million and $260 million for the three and six months ended June 30, 2025. In February 2025, we executed an accelerated share repurchase (ASR) program to repurchase an aggregate amount of $2.0 billion of our outstanding common stock. Pursuant to the agreements, we advanced $2.0 billion and received and immediately retired approximately 33 million shares of our common stock with a value of $1.6 billion in the three months ended March 31, 2025. The remaining ASR settled in the three months ended June 30, 2025. In total, we received and retired 43 million shares from the program. In January 2026, our Board of Directors increased the capacity under our existing share repurchase progra …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing