General Motors 2010 Annual Report Download - page 239

GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
domestic facilities and the investment in New Delphi over the cash consideration paid under the DMDA. Refer to Note 5 for
additional information on the total consideration paid under the DMDA and the allocation of such consideration to the various units of
account.
The charges recorded in the year ended December 31, 2008 primarily related to estimated losses associated with the guarantee of
Delphi’s hourly pension plans and the write off of any estimated recoveries from Delphi. The charges also reflected a benefit of $622
million due to a reduction in the estimated liability associated with Delphi OPEB related costs for Delphi active employees and
retirees, based on the terms of the New VEBA, who were not previously participants in Old GM’s plans. The terms of the New VEBA
also reduced Old GM’s OPEB obligation for Delphi employees who returned to Old GM and became participants in the UAW hourly
medical plan primarily in 2006. Such benefit is included in the actuarial gain recorded in our UAW hourly medical plan. Refer to Note
22 for additional information on the Delphi benefit plans.
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