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Equipment on Operating Leases
 6 Months Ended
Jun. 30, 2024
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, 2024December 31, 2023
Equipment on operating leases$36,993 $37,921 
Less: accumulated depreciation(6,648)(7,338)
Equipment on operating leases, net$30,345 $30,582 

The estimated residual value of our leased assets at the end of the lease term was $22.4 billion and $22.7 billion at June 30, 2024 and December 31, 2023.

Depreciation expense related to Equipment on operating leases, net was $1.2 billion in the three months ended June 30, 2024 and 2023 and $2.4 billion and $2.5 billion in the six months ended June 30, 2024 and 2023.

The following table summarizes lease payments due to GM Financial on leases to retail customers:
Year Ending December 31,
20242025202620272028ThereafterTotal
Lease receipts under operating leases$2,681 $4,229 $2,317 $505 $33 $2 $9,767