Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name GENERAL MOTORS COMPANY
CIK 0001467858
Accession number 0001467858-14-000043
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1467858/000146785814000043/gm-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus Q4
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Issue related to intangible assets.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The following table summarizes the components of temporary differences and carryforwards that give rise to deferred tax assets and liabilities (dollars in millions):
 
December 31, 2013
 
December 31, 2012
Deferred tax assets
 
 
 
Postretirement benefits other than pensions
$
2,902

 
$
3,494

Pension and other employee benefit plans
5,469

 
8,536

Warranties, dealer and customer allowances, claims and discounts
4,282

 
4,277

Property, plants and equipment
2,464

 
2,225

Capitalized research expenditures
7,179

 
6,106

Operating loss and tax credit carryforwards(a)
19,342

 
20,220

Miscellaneous
1,663

 
3,443

Total deferred tax assets before valuation allowances
43,301

 
48,301

Less: valuation allowances
(10,823
)
 
(10,991
)
Total deferred tax assets
32,478

 
37,310

Deferred tax liabilities
 
 
 
Intangible assets
397

 
724

Net deferred tax assets
$
32,081

 
$
36,586


_________
(a)
Includes operating loss and tax credit carryforwards of $16.3 billion expiring through 2033 and $3.0 billion that may be carried forward indefinitely at December 31, 2013.
 
 
 
 

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 43,301,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -10,823,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 32,478,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities 0
Deferred tax assets (liabilities), net 32,081,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK -397,000,000

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0
Deferred tax assets (liabilities), net 32,081,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 32,081,000,000

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 32,478,000,000
Deferred tax liabilities, net 0
Deferred tax assets (liabilities), net 32,081,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK -397,000,000

*

*

Creative Commons License
This work is licensed under a Creative Commons License.

Valid CSS!