Discontinued — last reported Q4 '24
Foreign Rate Differential
General Motors Foreign Rate Differential remained flat by 0.0% to $32.50M in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 36.0%, from $50.75M to $32.50M. Over 3 years (FY 2021 to FY 2024), Foreign Rate Differential shows an upward trend with a 53.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A negative differential (benefit) suggests the company benefits from lower-tax international operations, while a positive differential indicates higher tax costs abroad.
Detailed definition
Measures the impact on the effective tax rate caused by the difference between the U.S. statutory tax rate and the tax r...
Peer comparison
Standard disclosure for multinational companies in the tax reconciliation note.
is_tmo_foreign_rate_differentialHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | $36.00M | $32.00M | $203.00M | $130.00M |
| YoY Change | — | -11.1% | +534.4% | -36.0% |
Foreign Rate Differential at Other Companies
Frequently Asked Questions
- What is General Motors's foreign rate differential?
- General Motors (GM) reported foreign rate differential of $32.50M in Q4 2024.
- How has General Motors's foreign rate differential changed year-over-year?
- General Motors's foreign rate differential decreased by 36.0% year-over-year, from $50.75M to $32.50M.
- What is the long-term trend for General Motors's foreign rate differential?
- Over 3 years (2021 to 2024), General Motors's foreign rate differential has grown at a 53.4% compound annual growth rate (CAGR), from $36.00M to $130.00M.
- What does foreign rate differential mean?
- The tax impact caused by operating in countries with tax rates different from the U.S. statutory rate.