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Revenue | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue The following table disaggregates our revenue by major source:
| Three Months Ended September 30, 2024
| GMNA |  | GMI |  | Corporate |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Vehicle, parts and accessories | $ | 39,817 |  |  | $ | 3,244 |  |  | $ | 37 |  |  | $ | 43,098 |  |  | $ | — |  |  | $ | — |  |  | $ | (1) |  |  | $ | 43,097 |
Used vehicles | 368 |  |  | 9 |  |  | — |  |  | 377 |  |  | — |  |  | — |  |  | — |  |  | 377 |
Services and other | 971 |  |  | 264 |  |  | 24 |  |  | 1,259 |  |  | 26 |  |  | — |  |  | (25) |  |  | 1,260 |
Automotive net sales and revenue | 41,157 |  |  | 3,517 |  |  | 62 |  |  | 44,735 |  |  | 26 |  |  | — |  |  | (26) |  |  | 44,735 |
Leased vehicle income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,828 |  |  | — |  |  | 1,828 |
Finance charge income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,965 |  |  | (8) |  |  | 1,956 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 238 |  |  | (2) |  |  | 237 |
GM Financial net sales and revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,031 |  |  | (10) |  |  | 4,021 |
Net sales and revenue | $ | 41,157 |  |  | $ | 3,517 |  |  | $ | 62 |  |  | $ | 44,735 |  |  | $ | 26 |  |  | $ | 4,031 |  |  | $ | (36) |  |  | $ | 48,757 |
| Three Months Ended September 30, 2023
| GMNA |  | GMI |  | Corporate |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Vehicle, parts and accessories | $ | 34,893 |  |  | $ | 3,913 |  |  | $ | 17 |  |  | $ | 38,823 |  |  | $ | — |  |  | $ | — |  |  | $ | (5) |  |  | $ | 38,818 |
Used vehicles | 310 |  |  | 12 |  |  | — |  |  | 322 |  |  | — |  |  | — |  |  | — |  |  | 322 |
Services and other | 903 |  |  | 405 |  |  | 50 |  |  | 1,358 |  |  | 25 |  |  | — |  |  | (25) |  |  | 1,359 |
Automotive net sales and revenue | 36,106 |  |  | 4,330 |  |  | 67 |  |  | 40,503 |  |  | 25 |  |  | — |  |  | (30) |  |  | 40,498 |
Leased vehicle income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,820 |  |  | — |  |  | 1,820 |
Finance charge income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,621 |  |  | (5) |  |  | 1,616 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 200 |  |  | (3) |  |  | 197 |
GM Financial net sales and revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,641 |  |  | (8) |  |  | 3,633 |
Net sales and revenue | $ | 36,106 |  |  | $ | 4,330 |  |  | $ | 67 |  |  | $ | 40,503 |  |  | $ | 25 |  |  | $ | 3,641 |  |  | $ | (38) |  |  | $ | 44,131 |
| Nine Months Ended September 30, 2024
| GMNA |  | GMI |  | Corporate |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Vehicle, parts and accessories | $ | 114,131 |  |  | $ | 9,095 |  |  | $ | 50 |  |  | $ | 123,276 |  |  | $ | — |  |  | $ | — |  |  | $ | (1) |  |  | $ | 123,275 |
Used vehicles | 927 |  |  | 21 |  |  | — |  |  | 948 |  |  | — |  |  | — |  |  | — |  |  | 948 |
Services and other | 2,923 |  |  | 780 |  |  | 80 |  |  | 3,783 |  |  | 76 |  |  | — |  |  | (75) |  |  | 3,784 |
Automotive net sales and revenue | 117,981 |  |  | 9,897 |  |  | 130 |  |  | 128,007 |  |  | 76 |  |  | — |  |  | (76) |  |  | 128,008 |
Leased vehicle income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,431 |  |  | — |  |  | 5,431 |
Finance charge income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,627 |  |  | (25) |  |  | 5,602 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 703 |  |  | (5) |  |  | 698 |
GM Financial net sales and revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,761 |  |  | (29) |  |  | 11,732 |
Net sales and revenue | $ | 117,981 |  |  | $ | 9,897 |  |  | $ | 130 |  |  | $ | 128,007 |  |  | $ | 76 |  |  | $ | 11,761 |  |  | $ | (105) |  |  | $ | 139,740 |
| Nine Months Ended September 30, 2023
| GMNA |  | GMI |  | Corporate |  | Total Automotive |  | Cruise |  | GM Financial |  | Eliminations/Reclassifications |  | Total
Vehicle, parts and accessories | $ | 102,868 |  |  | $ | 10,876 |  |  | $ | 67 |  |  | $ | 113,811 |  |  | $ | — |  |  | $ | — |  |  | $ | (6) |  |  | $ | 113,805 |
Used vehicles | 741 |  |  | 22 |  |  | — |  |  | 763 |  |  | — |  |  | — |  |  | — |  |  | 763 |
Services and other | 2,605 |  |  | 1,113 |  |  | 110 |  |  | 3,828 |  |  | 76 |  |  | — |  |  | (75) |  |  | 3,829 |
Automotive net sales and revenue | 106,214 |  |  | 12,011 |  |  | 177 |  |  | 118,403 |  |  | 76 |  |  | — |  |  | (81) |  |  | 118,398 |
Leased vehicle income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,458 |  |  | — |  |  | 5,458 |
Finance charge income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,480 |  |  | (11) |  |  | 4,469 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 544 |  |  | (6) |  |  | 538 |
GM Financial net sales and revenue | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,482 |  |  | (17) |  |  | 10,465 |
Net sales and revenue | $ | 106,214 |  |  | $ | 12,011 |  |  | $ | 177 |  |  | $ | 118,403 |  |  | $ | 76 |  |  | $ | 10,482 |  |  | $ | (98) |  |  | $ | 128,863 |
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 in the three months ended September 30, 2024 and 2023. Contract liabilities in our Automotive segments primarily consist of vehicle connectivity, customer rewards programs, maintenance, extended warranty and other contracts of $6.1 billion and $5.0 billion at September 30, 2024 and December 31, 2023, which are included in Accrued liabilities and Other liabilities. We recognized revenue of $456 million and $1.4 billion related to contract liabilities in the three and nine months ended September 30, 2024 and $284 million and $1.1 billion in the three and nine months ended September 30, 2023. We expect to recognize revenue of $585 million in the three months ending December 31, 2024 and $1.9 billion, $1.5 billion and $2.1 billion in the years ending December 31, 2025, 2026 and thereafter related to contract liabilities at September 30, 2024.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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