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Revenue
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue
Revenue
The following table disaggregates our revenue by major source for revenue generating segments:
 
Three Months Ended March 31, 2019
 
GMNA
 
GMI
 
Corporate
 
Total Automotive
 
GM Cruise
 
GM Financial
 
Eliminations/Reclassifications
 
Total
Vehicle, parts and accessories
$
25,962


$
3,567


$


$
29,529


$

 
$


$


$
29,529

Used vehicles
627

 
35

 

 
662

 

 

 

 
662

Services and other
776


248


46


1,070


25

 


(25
)

1,070

Automotive net sales and revenue
27,365


3,850


46


31,261


25

 


(25
)

31,261

Leased vehicle income

 

 

 

 

 
2,509

 

 
2,509

Finance charge income

 

 

 

 

 
987

 
(2
)
 
985

Other income

 

 

 

 

 
124

 
(1
)
 
123

GM Financial net sales and revenue









 
3,620


(3
)

3,617

Net sales and revenue
$
27,365


$
3,850


$
46


$
31,261


$
25

 
$
3,620


$
(28
)

$
34,878


Three Months Ended March 31, 2018

GMNA

GMI

Corporate

Total Automotive

GM Financial

Eliminations

Total
Vehicle, parts and accessories
$
25,882


$
4,605


$
9


$
30,496


$


$
(7
)

$
30,489

Used vehicles
1,155


47




1,202




(17
)

1,185

Services and other
781


196


40


1,017






1,017

Automotive net sales and revenue
27,818


4,848


49


32,715




(24
)

32,691

Leased vehicle income








2,447




2,447

Finance charge income








866


(2
)

864

Other income








98


(1
)

97

GM Financial net sales and revenue








3,411


(3
)

3,408

Net sales and revenue
$
27,818


$
4,848


$
49


$
32,715


$
3,411


$
(27
)

$
36,099

 
 
 
 
 
 
 
 
 
 
 
 
 
 

Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. Adjustments to sales incentives for previously recognized sales were insignificant in the three months ended March 31, 2019 and 2018.

Contract liabilities in our Automotive segments consist primarily of maintenance, extended warranty and other service contracts. We recognized revenue of $433 million and $383 million related to contract liabilities during the three months ended March 31, 2019 and 2018. We expect to recognize revenue of $1.1 billion in the nine months ending December 31, 2019 and $588 million, $396 million and $379 million in the years ending December 31, 2020, 2021 and thereafter related to contract liabilities at March 31, 2019.