Analysis of Debt

General Motors Co., balance sheet: debt

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Short-term debt and current portion of long-term debt	38,968)	38,778)	33,720)	36,913)	37,400)
Long-term debt, excluding current portion	82,773)	75,921)	75,659)	72,981)	65,924)
Total debt (carrying amount)	121,741)	114,699)	109,379)	109,894)	103,324)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	General Motors Co. total debt increased from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023
Selected Financial Data (US$ in millions)
Automotive debt	16,490)
GM Financial debt	104,622)
Total debt (fair value)	121,112)
Financial Ratio
Debt, fair value to carrying amount ratio	0.99

Weighted-average interest rate on outstanding debt: 4.68%

Interest rate	Debt amount¹	Interest rate × Debt amount
16.20%	428)	69)
5.80%	15,985)	927)
5.32%	45,243)	2,407)
3.82%	60,084)	2,295)
Total	121,740)	5,699)
4.68%

¹ US$ in millions

² Weighted-average interest rate = 100 × 5,699 ÷ 121,740 = 4.68%

General Motors Co. (NYSE:GM)