Revenue

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

The following table disaggregates our revenue by major source for revenue generating segments:



	Three Months Ended September 30, 2019
	GMNA		GMI		Corporate		Total Automotive		Cruise		GM Financial		Eliminations/Reclassifications			Total
Vehicle, parts and accessories	$	26,825	$	3,519	$	—	$	30,344	$	—	$	—	$	—		$	30,344
Used vehicles	345		31		—		376		—		—		—			376
Services and other	801		244		52		1,097		25		—		(25		)	1,097
Automotive net sales and revenue	27,971		3,794		52		31,817		25		—		(25		)	31,817
Leased vehicle income	—		—		—		—		—		2,515		—			2,515
Finance charge income	—		—		—		—		—		1,043		(2		)	1,041
Other income	—		—		—		—		—		101		(1		)	100
GM Financial net sales and revenue	—		—		—		—		—		3,659		(3		)	3,656
Net sales and revenue	$	27,971	$	3,794	$	52	$	31,817	$	25	$	3,659	$	(28	)	$	35,473



	Three Months Ended September 30, 2018
	GMNA		GMI		Corporate		Total Automotive		GM Financial		Eliminations			Total
Vehicle, parts and accessories	$	26,273	$	4,226	$	2	$	30,501	$	—	$	(11	)	$	30,490
Used vehicles	582		23		—		605		—		(1		)	604
Services and other	795		333		54		1,182		—		—			1,182
Automotive net sales and revenue	27,650		4,582		56		32,288		—		(12		)	32,276
Leased vehicle income	—		—		—		—		2,501		—			2,501
Finance charge income	—		—		—		—		917		(2		)	915
Other income	—		—		—		—		100		(1		)	99
GM Financial net sales and revenue	—		—		—		—		3,518		(3		)	3,515
Net sales and revenue	$	27,650	$	4,582	$	56	$	32,288	$	3,518	$	(15	)	$	35,791



	Nine Months Ended September 30, 2019
	GMNA		GMI		Corporate		Total Automotive		Cruise		GM Financial		Eliminations/Reclassifications			Total
Vehicle, parts and accessories	$	79,763	$	10,830	$	—	$	90,593	$	—	$	—	$	—		$	90,593
Used vehicles	1,549		95		—		1,644		—		—		—			1,644
Services and other	2,348		766		152		3,266		75		—		(75		)	3,266
Automotive net sales and revenue	83,660		11,691		152		95,503		75		—		(75		)	95,503
Leased vehicle income	—		—		—		—		—		7,536		—			7,536
Finance charge income	—		—		—		—		—		3,038		(6		)	3,032
Other income	—		—		—		—		—		344		(4		)	340
GM Financial net sales and revenue	—		—		—		—		—		10,918		(10		)	10,908
Net sales and revenue	$	83,660	$	11,691	$	152	$	95,503	$	75	$	10,918	$	(85	)	$	106,411



	Nine Months Ended September 30, 2018
	GMNA		GMI		Corporate		Total Automotive		GM Financial		Eliminations			Total
Vehicle, parts and accessories	$	79,029	$	13,320	$	12	$	92,361	$	—	$	(36	)	$	92,325
Used vehicles	2,506		138		—		2,644		—		(34		)	2,610
Services and other	2,434		730		143		3,307		—		—			3,307
Automotive net sales and revenue	83,969		14,188		155		98,312		—		(70		)	98,242
Leased vehicle income	—		—		—		—		7,445		—			7,445
Finance charge income	—		—		—		—		2,667		(5		)	2,662
Other income	—		—		—		—		305		(4		)	301
GM Financial net sales and revenue	—		—		—		—		10,417		(9		)	10,408
Net sales and revenue	$	83,969	$	14,188	$	155	$	98,312	$	10,417	$	(79	)	$	108,650

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 increased revenue by $560 million and were insignificant in the three months ended September 30, 2019 and 2018.

Contract liabilities in our Automotive segments primarily consist of maintenance, extended warranty and other service contracts. We recognized revenue of $434 million and $1.3 billion related to contract liabilities in the three and nine months ended September 30, 2019 and $426 million and $1.2 billion in the three and nine months ended September 30, 2018. We expect to recognize revenue of $464 million in the three months ending December 31, 2019 and $806 million, $465 million and $580 million in the years ending December 31, 2020, 2021 and thereafter related to contract liabilities at September 30, 2019.