v3.22.4
Revenue
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table disaggregates our revenue by major source for revenue generating segments:
Year Ended December 31, 2022
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ ReclassificationsTotal
Vehicle, parts and accessories$124,657 $13,993 $42 $138,692 $— $— $— $138,692 
Used vehicles483 33 — 516 — — — 516 
Services and other3,238 1,393 134 4,765 102 — (101)4,766 
Automotive net sales and revenue128,378 15,420 177 143,974 102 — (101)143,975 
Leased vehicle income— — — — — 7,811 — 7,811 
Finance charge income— — — — — 4,521 (2)4,519 
Other income— — — — — 435 (4)431 
GM Financial net sales and revenue— — — — — 12,766 (6)12,760 
Net sales and revenue$128,378 $15,420 $177 $143,974 $102 $12,766 $(107)$156,735 

Year Ended December 31, 2021
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ ReclassificationsTotal
Vehicle, parts and accessories$97,515 $10,956 $14 $108,485 $— $— $— $108,485 
Used vehicles545 49 — 594 — — — 594 
Services and other3,248 1,167 90 4,505 106 — (100)4,511 
Automotive net sales and revenue101,308 12,172 104 113,584 106 — (100)113,590 
Leased vehicle income— — — — — 9,026 — 9,026 
Finance charge income— — — — — 4,103 — 4,103 
Other income— — — — — 290 (5)285 
GM Financial net sales and revenue— — — — — 13,419 (5)13,414 
Net sales and revenue$101,308 $12,172 $104 $113,584 $106 $13,419 $(105)$127,004 

Year Ended December 31, 2020
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ ReclassificationsTotal
Vehicle, parts and accessories$92,749 $10,593 $$103,343 $— $— $— $103,343 
Used vehicles875 115 20 1,010 — — — 1,010 
Services and other3,109 878 329 4,316 103 — (99)4,320 
Automotive net sales and revenue96,733 11,586 350 108,669 103 — (99)108,673 
Leased vehicle income— — — — — 9,530 — 9,530 
Finance charge income— — — — — 3,996 (1)3,995 
Other income— — — — — 305 (18)287 
GM Financial net sales and revenue— — — — — 13,831 (19)13,812 
Net sales and revenue$96,733 $11,586 $350 $108,669 $103 $13,831 $(118)$122,485 

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 during the years ended December 31, 2022, 2021 and 2020.
Contract liabilities in our Automotive segments primarily consist of maintenance, extended warranty and other service contracts of $3.3 billion and $2.5 billion at December 31, 2022 and 2021, which are included in Accrued liabilities and Other liabilities. We recognized revenue of $1.3 billion and $1.2 billion related to contract liabilities during the years ended December 31, 2022 and 2021. We expect to recognize revenue of $1.3 billion, $680 million and $1.4 billion in the years ending December 31, 2023, 2024 and thereafter related to contract liabilities at December 31, 2022.