General Motors 2010 Annual Report Download - page 45

GENERAL MOTORS COMPANY AND SUBSIDIARIES
Total net sales and revenue is primarily comprised of revenue generated from the sales of vehicles, in addition to revenue from
OnStar, our customer subscription service, vehicle sales accounted for as operating leases, sales of parts and accessories and GM
Financial’s loan purchasing and servicing activities.
Automotive cost of sales is primarily comprised of material, labor, manufacturing overhead, freight, foreign currency transaction
and translation gains and losses, product engineering, design and development expenses, depreciation and amortization, policy and
warranty costs, postemployment benefit costs, and separation and impairment charges. Prior to our application of fresh-start reporting
on July 10, 2009, Automotive cost of sales also included gains and losses on derivative instruments. Effective July 10, 2009 gains and
losses related to all nondesignated derivatives are recorded in Interest income and other non-operating income, net.
Automotive selling, general and administrative expense is primarily comprised of costs related to the advertising, selling and
promotion of products, support services, including central office expenses, labor and benefit expenses for employees not considered
part of the manufacturing process, consulting costs, rental expense for offices, bad debt expense and non-income based state and local
taxes.
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