General Motors 2012 Annual Report Download - page 125
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Interest Expense
Consolidated
The following table summarizes interest expense (dollars in millions):
Years Ended December 31,
2012 2011 2010
Loans from UST ..................................................................... $ — $ — $ 117
Canadian Loan ...................................................................... — — 26
VEBA Notes ........................................................................ — — 166
Capital leases ....................................................................... 98 101 72
Amortization of debt discounts and issuance fees ........................................... 189 200 163
Ally Financial, primarily wholesale financing .............................................. 41 63 243
Other .............................................................................. 161 176 311
Total Automotive interest expense ....................................................... 489 540 1,098
GM Financial interest expense .......................................................... 283 204 37
Total interest expense ................................................................. $772 $744 $1,135
Debt Maturities
Consolidated
The following table summarizes contractual maturities including capital leases at December 31, 2012 (dollars in millions):
Automotive
Automotive
Financing (a) Total
2013 .......................................................................... $1,289 $ 3,760 $ 5,049
2014 .......................................................................... 315 2,324 2,639
2015 .......................................................................... 473 1,772 2,245
2016 .......................................................................... 363 1,073 1,436
2017 .......................................................................... 1,391 1,438 2,829
Thereafter ...................................................................... 2,369 500 2,869
$6,200 $10,867 $17,067
(a) GM Financial credit facilities and securitization notes payable are based on expected payoff date. Senior notes principal amounts
are based on maturity.
At December 31, 2012 future interest payments on automotive capital lease obligations were $644 million. GM Financial does not
have capital lease obligations at December 31, 2012.
General Motors Company 2012 ANNUAL REPORT122