v3.26.3
Equipment on Operating Leases
9 Months Ended
Sep. 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.
September 30, 2026December 31, 2025
Equipment on operating leases$39,382 $40,596 
Less: accumulated depreciation(7,138)(6,909)
Equipment on operating leases, net$32,244 $33,686 

The estimated residual value of our leased assets at the end of the lease term was $24.4 billion and $25.0 billion at September 30, 2026 and December 31, 2025.

Depreciation expense related to Equipment on operating leases, net was $1.2 billion in the three months ended September 30, 2026 and 2025 and $3.9 billion and $3.7 billion in the nine months ended September 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$1,453 $4,647 $2,446 $648 $44 $— $9,239