v3.26.1
Equipment on Operating Leases
6 Months Ended
Jun. 30, 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.
June 30, 2026December 31, 2025
Equipment on operating leases$40,038 $40,596 
Less: accumulated depreciation(7,157)(6,909)
Equipment on operating leases, net$32,881 $33,686 

The estimated residual value of our leased assets at the end of the lease term was $24.8 billion and $25.0 billion at June 30, 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 June 30, 2026 and 2025 and $2.6 billion and $2.4 billion in the six months ended June 30, 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$2,872 $4,269 $2,047 $415 $22 $— $9,625