Equipment on Operating Leases

Equipment on operating leases consists of leases to retail customers that are recorded as operating leases and vehicle sales to daily rental car companies with an actual or expected repurchase obligation.



	June 30, 2018			December 31, 2017
Equipment on operating leases	$	55,570		$	53,947
Less: accumulated depreciation	(10,826		)	(9,959		)
Equipment on operating leases, net(a)	$	44,744		$	43,988

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(a)	Includes $44.1 billion and $42.9 billion of GM Financial Equipment on operating leases, net at June 30, 2018 and December 31, 2017.

Depreciation expense related to Equipment on operating leases, net was $1.8 billion and $1.6 billion in the three months ended June 30, 2018 and 2017 and $3.7 billion and $3.1 billion in the six months ended June 30, 2018 and 2017.

The following table summarizes minimum rental payments due to GM Financial on leases to retail customers:



	Year Ending December 31,
	2018		2019		2020		2021		2022		Thereafter		Total
Minimum rental receipts under operating leases	$	3,650	$	5,709	$	2,981	$	667	$	52	$	2	$	13,061