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Equipment on Operating Leases
 3 Months Ended
Mar. 31, 2017
Vehicles [Member]  
Property Subject to or Available for Operating Lease [Line Items]  
Equipment on Operating Leases
Equipment on Operating Leases
Equipment on operating leases in our automotive operations consists of vehicle sales to daily rental car companies with a guaranteed repurchase obligation.
 
March 31, 2017
 
December 31, 2016
Equipment on operating leases
$
2,509

 
$
2,076

Less: accumulated depreciation
(226
)
 
(180
)
Equipment on operating leases, net
$
2,283

 
$
1,896


 
Three Months Ended
 
March 31, 2017
 
March 31, 2016
Depreciation expense
$
54

 
$
33

Impairment charges
$
57

 
$
38



GM Financial originates leases to retail customers that are recorded as operating leases.
 
March 31, 2017
 
December 31, 2016
GM Financial equipment on operating leases
$
44,628

 
$
40,875

Less: accumulated depreciation
(7,326
)
 
(6,349
)
GM Financial equipment on operating leases, net
$
37,302

 
$
34,526



Depreciation expense related to GM Financial equipment on operating leases, net was $1.4 billion and $915 million in the three months ended March 31, 2017 and 2016.

The following table summarizes minimum rental payments due to GM Financial on leases to retail customers:
 
Years Ending December 31,
 
2017
 
2018
 
2019
 
2020
 
2021
Minimum rental receipts under operating leases
$
4,654

 
$
4,878

 
$
2,494

 
$
365

 
$
13