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Equipment on Operating Leases
9 Months Ended
Sep. 30, 2022
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Abstract]  
Equipment on Operating Leases Equipment on Operating Leases
Equipment on operating leases consists of leases to retail customers of GM Financial.
September 30, 2022December 31, 2021
Equipment on operating leases$42,082 $47,423 
Less: accumulated depreciation(8,305)(9,494)
Equipment on operating leases, net$33,778 $37,929 
The estimated residual value of our leased assets at the end of the lease term was $25.7 billion and $29.1 billion at September 30, 2022 and December 31, 2021.

Depreciation expense related to Equipment on operating leases, net was $1.2 billion and $1.6 billion in the three months ended September 30, 2022 and 2021 and $3.6 billion and $4.8 billion in the nine months ended September 30, 2022 and 2021.

The following table summarizes lease payments due to GM Financial on leases to retail customers:
Year Ending December 31,
20222023202420252026ThereafterTotal
Lease receipts under operating leases$1,396 $4,515 $2,373 $696 $56 $$9,037