Noncontrolling Interest - Cruise Stock Incentive Awards (Note 18)

[Table of Contents](#i1f1d4643819f4c4aa82d0bc4fb2f7f45_7)GENERAL MOTORS COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In millions, except per share amounts) (Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | June 30, 2022 |  | December 31, 2021 |
| ASSETS |  |  |  |
| Current Assets |  |  |  |
| Cash and cash equivalents | $ | 16,710  |  |  | $ | 20,067  |  |
| Marketable debt securities (Note 4) | 10,124  |  |  | 8,609  |  |
|  |  |  |  |
| Accounts and notes receivable, net of allowance of $214 and $192 | 12,417  |  |  | 7,394  |  |
| GM Financial receivables, net of allowance of $782 and $703 (Note 5; Note 9 at VIEs) | 28,479  |  |  | 26,649  |  |
| Inventories (Note 6) | 16,859  |  |  | 12,988  |  |
|  |  |  |  |
| Other current assets (Note 4; Note 9 at VIEs) | 6,504  |  |  | 6,396  |  |
| Total current assets | 91,094  |  |  | 82,103  |  |
| Non-current Assets |  |  |  |
|  |  |  |  |
| GM Financial receivables, net of allowance of $1,245 and $1,183 (Note 5; Note 9 at VIEs) | 38,227  |  |  | 36,167  |  |
| Equity in net assets of nonconsolidated affiliates (Note 8) | 9,733  |  |  | 9,677  |  |
| Property, net | 41,943  |  |  | 41,115  |  |
| Goodwill and intangible assets, net | 5,013  |  |  | 5,087  |  |
| Equipment on operating leases, net (Note 7; Note 9 at VIEs) | 35,307  |  |  | 37,929  |  |
| Deferred income taxes | 21,038  |  |  | 21,152  |  |
| Other assets (Note 4; Note 9 at VIEs) | 11,161  |  |  | 11,488  |  |
| Total non-current assets | 162,423  |  |  | 162,615  |  |
| Total Assets | $ | 253,517  |  |  | $ | 244,718  |  |
|  |  |  |  |
| LIABILITIES AND EQUITY |  |  |  |
| Current Liabilities |  |  |  |
| Accounts payable (principally trade) | $ | 25,890  |  |  | $ | 20,391  |  |
| Short-term debt and current portion of long-term debt (Note 10) |  |  |  |
|    Automotive | 662  |  |  | 463  |  |
| GM Financial (Note 9 at VIEs) | 31,644  |  |  | 33,257  |  |
| Accrued liabilities | 21,203  |  |  | 20,297  |  |
| Total current liabilities | 79,398  |  |  | 74,408  |  |
| Non-current Liabilities |  |  |  |
| Long-term debt (Note 10) |  |  |  |
|    Automotive | 16,121  |  |  | 16,355  |  |
| GM Financial (Note 9 at VIEs) | 61,960  |  |  | 59,304  |  |
| Postretirement benefits other than pensions (Note 13) | 5,629  |  |  | 5,743  |  |
| Pensions (Note 13) | 7,358  |  |  | 8,008  |  |
| Other liabilities | 14,677  |  |  | 15,085  |  |
| Total non-current liabilities | 105,744  |  |  | 104,495  |  |
| Total Liabilities | 185,142  |  |  | 178,903  |  |
| Commitments and contingencies (Note 14) |  |  |  |
| Noncontrolling Interest - Cruise Stock Incentive Awards (Note 18) | 115  |  |  | —  |  |
| Equity (Note 16) |  |  |  |
| Common stock, $0.01 par value | 15  |  |  | 15  |  |
| Additional paid-in capital | 27,261  |  |  | 27,061  |  |
| Retained earnings | 45,554  |  |  | 41,937  |  |
| Accumulated other comprehensive loss | (8,876) |  |  | (9,269) |  |
| Total stockholders’ equity | 63,954  |  |  | 59,744  |  |
| Noncontrolling interests | 4,306  |  |  | 6,071  |  |
| Total Equity | 68,260  |  |  | 65,815  |  |
| Total Liabilities and Equity | $ | 253,517  |  |  | $ | 244,718  |  |

  
Reference should be made to the notes to condensed consolidated financial statements.Amounts may not add due to rounding. 2  

