XML 20 R9.htm IDEA: XBRL DOCUMENT v3.25.1
Revenue
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table disaggregates our revenue by major source:
Three Months Ended March 31, 2025
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$36,125 $2,125 $18 $38,268 $— $— $— $38,268 
Used vehicles317 — 325 — — — 325 
Services and other946 294 28 1,268 — — 1,269 
Automotive net sales and revenue37,388 2,427 46 39,860 — — 39,861 
Leased vehicle income— — — — — 1,902 — 1,902 
Finance charge income— — — — — 2,025 (4)2,021 
Other income— — — — — 237 (1)236 
GM Financial net sales and revenue— — — — — 4,164 (5)4,159 
Net sales and revenue$37,388 $2,427 $46 $39,860 $$4,164 $(5)$44,020 
Three Months Ended March 31, 2024
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$34,898 $2,760 $$37,663 $— $— $— $37,663 
Used vehicles229 — 234 — — — 234 
Services and other972 316 27 1,315 25 — (25)1,316 
Automotive net sales and revenue36,099 3,082 32 39,212 25 — (25)39,212 
Leased vehicle income— — — — — 1,800 — 1,800 
Finance charge income— — — — — 1,786 (8)1,778 
Other income— — — — — 225 (1)224 
GM Financial net sales and revenue— — — — — 3,811 (9)3,802 
Net sales and revenue$36,099 $3,082 $32 $39,212 $25 $3,811 $(34)$43,014 
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 were insignificant in the three months ended March 31, 2025 and 2024.
Contract liabilities in our Automotive segments primarily consist of vehicle connectivity, customer rewards programs, maintenance, extended warranty and other contracts of $7.1 billion and $6.6 billion at March 31, 2025 and December 31, 2024, which are included in Accrued liabilities and Other liabilities. We recognized revenue of $578 million and $490 million related to contract liabilities in the three months ended March 31, 2025 and 2024. We expect to recognize revenue of $1.8 billion in the nine months ending December 31, 2025 and $1.6 billion, $1.1 billion and $2.6 billion in the years ending December 31, 2026, 2027 and thereafter related to contract liabilities at March 31, 2025.