XML 21 R9.htm IDEA: XBRL DOCUMENT v3.24.3
Revenue
 9 Months Ended
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
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$39,817 $3,244 $37 $43,098 $— $— $(1)$43,097 
Used vehicles368 9 — 377 — — — 377 
Services and other971 264 24 1,259 26 — (25)1,260 
Automotive net sales and revenue41,157 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
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$34,893 $3,913 $17 $38,823 $— $— $(5)$38,818 
Used vehicles310 12 — 322 — — — 322 
Services and other903 405 50 1,358 25 — (25)1,359 
Automotive net sales and revenue36,106 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
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$114,131 $9,095 $50 $123,276 $— $— $(1)$123,275 
Used vehicles927 21 — 948 — — — 948 
Services and other2,923 780 80 3,783 76 — (75)3,784 
Automotive net sales and revenue117,981 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
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$102,868 $10,876 $67 $113,811 $— $— $(6)$113,805 
Used vehicles741 22 — 763 — — — 763 
Services and other2,605 1,113 110 3,828 76 — (75)3,829 
Automotive net sales and revenue106,214 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.