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Revenue
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table disaggregates our revenue by major source:
Three Months Ended June 30, 2023
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$36,099 $3,621 $41 $39,761 $— $— $— $39,761 
Used vehicles256 — 262 — — — 262 
Services and other865 328 39 1,231 26 — (26)1,231 
Automotive net sales and revenue37,220 3,955 79 41,254 26 — (26)41,254 
Leased vehicle income— — — — — 1,820 — 1,820 
Finance charge income— — — — — 1,490 (4)1,486 
Other income— — — — — 187 (1)186 
GM Financial net sales and revenue— — — — — 3,498 (5)3,493 
Net sales and revenue$37,220 $3,955 $79 $41,254 $26 $3,498 $(31)$44,746 

Three Months Ended June 30, 2022
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$27,826 $3,466 $22 $31,314 $— $— $— $31,314 
Used vehicles137 — 143 — — — 143 
Services and other797 336 25 1,158 25 — (25)1,158 
Automotive net sales and revenue28,760 3,807 47 32,614 25 — (25)32,614 
Leased vehicle income— — — — — 1,989 — 1,989 
Finance charge income— — — — — 1,062 — 1,062 
Other income— — — — — 95 (1)94 
GM Financial net sales and revenue— — — — — 3,146 (1)3,145 
Net sales and revenue$28,760 $3,807 $47 $32,614 $25 $3,146 $(26)$35,759 

Six Months Ended June 30, 2023
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$67,975 $6,963 $50 $74,988 $— $— $— $74,988 
Used vehicles431 11 — 442 — — — 442 
Services and other1,702 708 60 2,470 51 — (51)2,470 
Automotive net sales and revenue70,108 7,682 110 77,900 51 — (51)77,900 
Leased vehicle income— — — — — 3,638 — 3,638 
Finance charge income— — — — — 2,859 (6)2,852 
Other income— — — — — 344 (3)341 
GM Financial net sales and revenue— — — — — 6,841 (9)6,832 
Net sales and revenue$70,108 $7,682 $110 $77,900 $51 $6,841 $(60)$84,732 
Six Months Ended June 30, 2022
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$56,398 $6,479 $27 $62,904 $— $— $— $62,904 
Used vehicles212 11 — 223 — — — 223 
Services and other1,606 630 73 2,309 51 — (50)2,310 
Automotive net sales and revenue58,216 7,120 100 65,437 51 — (50)65,437 
Leased vehicle income— — — — — 4,056 — 4,056 
Finance charge income— — — — — 2,072 — 2,072 
Other income— — — — — 175 (2)173 
GM Financial net sales and revenue— — — — — 6,302 (2)6,301 
Net sales and revenue$58,216 $7,120 $100 $65,437 $51 $6,302 $(52)$71,738 
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 an insignificant amount and $320 million in the three months ended June 30, 2023 and 2022.
Contract liabilities in our Automotive segments primarily consist of maintenance, extended warranty and other service contracts of $4.5 billion and $3.3 billion at June 30, 2023 and December 31, 2022, which are included in Accrued liabilities and Other liabilities. We recognized revenue of $410 million and $818 million related to contract liabilities in the three and six months ended June 30, 2023 and $307 million and $726 million in the three and six months ended June 30, 2022. We expect to recognize revenue of $915 million in the six months ending December 31, 2023 and $1.2 billion, $1.0 billion and $1.3 billion in the years ending December 31, 2024, 2025 and thereafter related to contract liabilities at June 30, 2023.