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Equipment on Operating Leases
6 Months Ended
Jun. 30, 2023
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.
June 30, 2023December 31, 2022
Equipment on operating leases$39,541 $40,919 
Less: accumulated depreciation(7,981)(8,218)
Equipment on operating leases, net$31,560 $32,701 
The estimated residual value of our leased assets at the end of the lease term was $23.8 billion and $24.7 billion at June 30, 2023 and December 31, 2022.

Depreciation expense related to Equipment on operating leases, net was $1.2 billion in the three months ended June 30, 2023 and 2022 and $2.5 billion and $2.4 billion in the six months ended June 30, 2023 and 2022.

The following table summarizes lease payments due to GM Financial on leases to retail customers:
Year Ending December 31,
20232024202520262027ThereafterTotal
Lease receipts under operating leases$2,668 $3,825 $2,031 $483 $29 $$9,035