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v3.24.4

Operating Leases (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Property Subject to or Available for Operating Lease [Line Items] |  |  |
Rent expense | $ 369 | $ 346 | $ 317
Operating lease right-of-use assets | 919 | 979 |
Operating lease liability | 254 | 264 |
Operating lease liabilities | 961 | 907 |
Operating right-of-use assets obtained in exchange for lease obligations | 368 | $ 225 |
2023 | 290 |  |
2024 | 255 |  |
2025 | 209 |  |
2026 | 183 |  |
2027 | 156 |  |
Thereafter | 296 |  |
Imputed interest | $ 174 |  |
Weighted average discount rate | 4.60% | 4.30% |
Weighted-average remaining lease term | 5 years 10 months 24 days | 6 years |
Payments for operating leases | $ 416 | $ 359 | 314
Amount of lease agreements not yet commenced | $ 746 |  |
Lease receipts under operating leases |  |  |
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] | Other Liabilities, Noncurrent | Other Liabilities, Noncurrent |
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] | Accrued liabilities (Note 12) | Accrued liabilities (Note 12) |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other assets (Note 4; Note 11) | Other assets (Note 4; Note 11) |
Equipment |  |  |
Property Subject to or Available for Operating Lease [Line Items] |  |  |
Equipment on operating leases | $ 38,187 | $ 37,921 |
Less: accumulated depreciation | (6,601) | (7,338) |
Equipment on operating leases, net | 31,586 | 30,582 |
Residual value of leased assets | 23,500 |  |
Depreciation expense | 4,800 | $ 4,900 | $ 4,800
GM Financial | Equipment |  |  |
Lease receipts under operating leases |  |  |
2025 | 5,195 |  |
2026 | 3,371 |  |
2027 | 1,257 |  |
2028 | 135 |  |
2029 | 1 |  |
Total | $ 9,959 |  |

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