Discontinued — last reported Q4 '23
Non-U.S. — Provision (benefit) for deferred taxes
General Motors Non-U.S. — Provision (benefit) for deferred taxes remained flat by 0.0% to -$260.25M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 344.9%, from $106.25M to -$260.25M. Over 2 years (FY 2021 to FY 2023), Non-U.S. — Provision (benefit) for deferred taxes shows a downward trend with a -31.4% CAGR.
Analysis
How to read this metric
An increase in a deferred tax benefit indicates a reduction in future tax liabilities or the recognition of deferred tax assets, while an increase in a provision suggests higher future tax obligations. Significant volatility may signal changes in tax laws, valuation allowances, or shifts in the profitability of international operations.
Detailed definition
This metric represents the non-cash tax expense or benefit recognized in the non-U.S. geographic segment due to temporar...
Peer comparison
Most multinational automotive manufacturers report similar deferred tax items under international accounting standards, though the magnitude varies based on regional tax incentives, capital expenditure cycles, and local tax jurisdiction regulations.
gm_segment_non_u_s_provision_benefit_for_deferred_taxesHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $2.21B | $425.00M | -$1.04B |
| YoY Change | — | -80.8% | -344.9% |
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Frequently Asked Questions
- What is General Motors's non-u.s. — provision (benefit) for deferred taxes?
- General Motors (GM) reported non-u.s. — provision (benefit) for deferred taxes of -$260.25M in Q4 2023.
- How has General Motors's non-u.s. — provision (benefit) for deferred taxes changed year-over-year?
- General Motors's non-u.s. — provision (benefit) for deferred taxes decreased by 344.9% year-over-year, from $106.25M to -$260.25M.
- What is the long-term trend for General Motors's non-u.s. — provision (benefit) for deferred taxes?
- Over 2 years (2021 to 2023), General Motors's non-u.s. — provision (benefit) for deferred taxes has grown at a -31.4% compound annual growth rate (CAGR), from $2.21B to -$1.04B.
- What does non-u.s. — provision (benefit) for deferred taxes mean?
- The non-cash tax charge or credit resulting from timing differences between accounting profits and taxable income in international markets.