General Motors 2010 Annual Report Download - page 277

GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Results for the three months ended September 30, 2010 included:
• Restructuring charges and interest accretion and other of $153 million in GME primarily related to separation programs
announced in Belgium, Spain, Germany and the United Kingdom.
• Impairment charges of $140 million related to product-specific tooling assets in GMNA.
Results for the three months ended June 30, 2010 included:
• Restructuring charges and interest accretion and other of $235 million in GME primarily related to separation programs
announced in Belgium, the United Kingdom and Germany.
• Charge of $200 million relating to a recall campaign on windshield fluid heaters.
Results for the three months ended March 31, 2010 included:
• Restructuring charges and interest accretion and other of $305 million in GME primarily related to separation programs
announced in Belgium and Spain. These charges were partially offset by a favorable adjustment of $104 million related to
GMNA restructuring reserves due to increased production capacity utilization, which resulted in the recall of idled employees
to fill added shifts at multiple U.S. production sites.
Results for the three months ended December 31, 2009 included:
• Impairment charges of $270 million related to our investment in Ally Financial common stock.
• Settlement loss of $2.6 billion related to the 2009 UAW Settlement Agreement.
Results for the period July 10, 2009 through September 30, 2009 included:
• Charges of $195 million related to dealer wind-down agreements.
Old GM
Results for the period July 1, 2009 through July 9, 2009 included:
• Accelerated debt discount amortization of $600 million on the DIP Facility.
• Reorganization gains, net of $129.3 billion. Refer to Note 2 for additional information on these gains.
• Charges of $398 million related to dealer wind-down agreements.
Results for the three months ended June 30, 2009 included:
• Gain of $2.5 billion on the disposition of Ally Financial Common Membership Interests partially offset by a loss on
extinguishment of the UST Ally Financial Loan of $2.0 billion.
• Accelerated debt discount amortization of $1.6 billion on the DIP Facility.
• Charges of $1.9 billion related to U.S. salaried and hourly headcount reduction programs.
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