General Motors 2011 Annual Report Download - page 170

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Dealer Wind-downs
GM and Old GM
We market vehicles worldwide through a network of independent retail dealers and distributors. We determined that a reduction in
the number of GMNA dealerships was necessary.
The following table summarizes GMNA’s restructuring reserves related to dealer wind-down agreements (dollars in millions):
Successor Predecessor
December 31, 2011 December 31, 2010
July 10, 2009
Through
December 31, 2009
January 1, 2009
Through
July 9, 2009
Balance at beginning of period . . . . . . . . . . . . . . . . . . . . . . . $ 144 $ 501 $ 516 $ —
Additions and revisions to estimates . . . . . . . . . . . . . . . . . . . (8) 7 275 518
Payments ........................................ (111) (366) (285) (2)
Transfer to legal reserve ............................ — — (17) —
Effect of foreign currency . . . . . . . . . . . . . . . . . . . . . . . . . . . — 2 12 —
Balance at end of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25 $ 144 $ 501 $516
Note 23. Other Automotive Expenses, net
The following table summarizes the components of Other automotive expenses, net (dollars in millions):
Successor Predecessor
Year Ended
December 31, 2011
Year Ended
December 31, 2010
July 10, 2009
Through
December 31, 2009
January 1, 2009
Through
July 9, 2009
Operating and other expenses (income) . . . . . . . . . . . . . . . . $56 $ (7) $(35) $ 22
Expenses related to Saab deconsolidation, net (Note 4) .... — — (60) 824
Saab impairment charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 88
Delphi related charges (Note 20) . . . . . . . . . . . . . . . . . . . . . . — — 8 184
Depreciation and amortization expense . . . . . . . . . . . . . . . . 2 125 89 101
Interestexpense ................................... — — 13 16
Total other automotive expenses, net . . . . . . . . . . . . . . . . . . $58 $118 $ 15 $1,235
Interest expense and depreciation and amortization expense recorded in Other automotive expenses, net relates to a portfolio of
automotive retail leases.
168 General Motors Company 2011 Annual Report