Equipment on operating leases primarily consists of leases to retail customers of GM Financial. The current portion of net equipment on operating leases is included in Other current assets.



	September 30, 2019			December 31, 2018
Equipment on operating leases	$	53,935		$	55,282
Less: accumulated depreciation	(11,276		)	(11,476		)
Equipment on operating leases, net	$	42,659		$	43,806

Depreciation expense related to Equipment on operating leases, net was $1.8 billion and $1.9 billion in the three months ended September 30, 2019 and 2018 and $5.6 billion in the nine months ended September 30, 2019 and 2018.

The following table summarizes lease payments due to GM Financial on leases to retail customers:



	Year Ending December 31,
	2019		2020		2021		2022		2023		Thereafter		Total
Lease receipts under operating leases	$	1,852	$	5,996	$	3,471	$	1,084	$	79	$	3	$	12,485