General Motors 2012 Annual Report Download - page 118

GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Note 16. Accrued Liabilities, Other Liabilities and Deferred Income Taxes
The following table summarizes the components of Accrued liabilities and Other liabilities and deferred income taxes (dollars in
millions):
December 31, 2012 December 31, 2011
Current
Dealer and customer allowances, claims and discounts .................................. $ 7,722 $ 6,820
Deposits primarily from rental car companies ......................................... 4,250 4,883
Deferred revenue ................................................................ 1,326 1,137
Policy, product warranty and recall campaigns ........................................ 2,919 3,061
Payrolls and employee benefits excluding postemployment benefits ....................... 2,144 1,993
Other ......................................................................... 4,947 4,981
Total accrued liabilities ........................................................... $23,308 $22,875
Non-current
Deferred revenue ................................................................ $ 1,169 $ 1,300
Policy, product warranty and recall campaigns ........................................ 4,285 3,539
Employee benefits excluding postemployment benefits .................................. 1,359 1,380
Postemployment benefits including facility idling reserves ............................... 1,518 1,674
Other ......................................................................... 4,838 4,549
Total other liabilities and deferred income taxes ....................................... $13,169 $12,442
The following table summarizes activity for policy, product warranty, recall campaigns and certified used vehicle warranty
liabilities (dollars in millions):
Years Ended December 31,
2012 2011 2010
Beginning balance .................................................................... $6,600 $ 6,789 $ 7,030
Warranties issued and assumed in period .................................................. 3,394 3,062 3,204
Payments ........................................................................... (3,393) (3,740) (3,662)
Adjustments to pre-existing warranties .................................................... 539 565 210
Effect of foreign currency translation ..................................................... 64 (76) 7
Ending balance ....................................................................... $7,204 $ 6,600 $ 6,789
General Motors Company 2012 ANNUAL REPORT 115