v3.26.1
Equipment on Operating Leases
3 Months Ended
Mar. 31, 2026
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.
March 31, 2026December 31, 2025
Equipment on operating leases$40,469 $40,596 
Less: accumulated depreciation(7,125)(6,909)
Equipment on operating leases, net$33,344 $33,686 

The estimated residual value of our leased assets at the end of the lease term was $25.0 billion at March 31, 2026 and December 31, 2025.

Depreciation expense related to Equipment on operating leases, net was $1.3 billion and $1.2 billion in the three months ended March 31, 2026 and 2025.

The following table summarizes lease payments due to GM Financial on leases to retail customers:
Years Ending December 31,
20262027202820292030ThereafterTotal
Lease receipts under operating leases$4,198 $3,806 $1,595 $224 $$— $9,828