General Motors 2010 Annual Report Download - page 256
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
GMIO recorded charges, interest accretion and other, and revisions to estimates of $96 million in the year ended December 31,
2008 primarily related to separation charges of $76 million related to a facility idling in Australia.
GMSA recorded charges, interest accretion and other, and revisions to estimates of $31 million in the year ended December 31,
2008 related to separation charges in South America.
Dealer Wind-downs
The following table summarizes GMNA’s restructuring reserves related to dealer wind-down agreements in the period January 1,
2009 through July 9, 2009 (dollars in millions):
Predecessor
U.S. Canada and Mexico Total
Balance at January 1, 2009 .......................................................... $ — $ — $ —
Additions ........................................................................ 398 120 518
Payments ........................................................................ — (2) (2)
Balance at July 9, 2009 ............................................................. $398 $118 $516
254 General Motors Company 2010 Annual Report