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Equipment on Operating Leases
6 Months Ended
Jun. 30, 2025
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, 2025December 31, 2024
Equipment on operating leases$39,758 $38,187 
Less: accumulated depreciation(6,562)(6,601)
Equipment on operating leases, net$33,196 $31,586 

The estimated residual value of our leased assets at the end of the lease term was $24.5 billion and $23.5 billion at June 30, 2025 and December 31, 2024.

Depreciation expense related to Equipment on operating leases, net was $1.2 billion in the three months ended June 30, 2025 and 2024 and $2.4 billion in the six months ended June 30, 2025 and 2024.

The following table summarizes lease payments due to GM Financial on leases to retail customers:
Years Ending December 31,
20252026202720282029ThereafterTotal
Lease receipts under operating leases$2,926 $4,566 $2,375 $526 $33 $— $10,426