| Revenue |
Revenue The following table disaggregates our revenue by major source for revenue generating segments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2019 | | GMNA | | GMI | | Corporate | | Total Automotive | | Cruise | | GM Financial | | Eliminations/ Reclassifications | | Total | Vehicle, parts and accessories | $ | 101,346 |
|
| $ | 14,931 |
|
| $ | — |
|
| $ | 116,277 |
|
| $ | — |
|
| $ | — |
|
| $ | — |
|
| $ | 116,277 |
| Used vehicles | 1,896 |
|
| 123 |
|
| — |
|
| 2,019 |
|
| — |
|
| — |
|
| — |
|
| 2,019 |
| Services and other | 3,124 |
|
| 1,057 |
|
| 220 |
|
| 4,401 |
|
| 100 |
|
| — |
|
| (100 | ) |
| 4,401 |
| Automotive net sales and revenue | 106,366 |
|
| 16,111 |
|
| 220 |
|
| 122,697 |
|
| 100 |
|
| — |
|
| (100 | ) |
| 122,697 |
| Leased vehicle income | — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| 10,032 |
|
| — |
|
| 10,032 |
| Finance charge income | — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| 4,071 |
|
| (7 | ) |
| 4,064 |
| Other income | — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| 451 |
|
| (7 | ) |
| 444 |
| GM Financial net sales and revenue | — |
|
| — |
|
| — |
|
| — |
|
| — |
|
| 14,554 |
|
| (14 | ) |
| 14,540 |
| Net sales and revenue | $ | 106,366 |
|
| $ | 16,111 |
|
| $ | 220 |
|
| $ | 122,697 |
|
| $ | 100 |
|
| $ | 14,554 |
|
| $ | (114 | ) |
| $ | 137,237 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2018 |
| GMNA |
| GMI |
| Corporate |
| Total Automotive |
| GM Financial |
| Eliminations |
| Total | Vehicle, parts and accessories | $ | 107,217 |
| | $ | 17,980 |
| | $ | 20 |
| | $ | 125,217 |
| | $ | — |
| | $ | (62 | ) | | $ | 125,155 |
| Used vehicles | 3,215 |
| | 175 |
| | — |
| | 3,390 |
| | — |
| | (36 | ) | | 3,354 |
| Services and other | 3,360 |
| | 993 |
| | 183 |
| | 4,536 |
| | — |
| | — |
| | 4,536 |
| Automotive net sales and revenue | 113,792 |
| | 19,148 |
| | 203 |
| | 133,143 |
| | — |
| | (98 | ) | | 133,045 |
| Leased vehicle income | — |
| | — |
| | — |
| | — |
| | 9,963 |
| | — |
| | 9,963 |
| Finance charge income | — |
| | — |
| | — |
| | — |
| | 3,629 |
| | (8 | ) | | 3,621 |
| Other income | — |
| | — |
| | — |
| | — |
| | 424 |
| | (4 | ) | | 420 |
| GM Financial net sales and revenue | — |
| | — |
| | — |
| | — |
| | 14,016 |
| | (12 | ) | | 14,004 |
| Net sales and revenue | $ | 113,792 |
| | $ | 19,148 |
| | $ | 203 |
| | $ | 133,143 |
| | $ | 14,016 |
| | $ | (110 | ) | | $ | 147,049 |
|
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, 2019 and 2018.
Contract liabilities in our Automotive segments primarily consist of maintenance, extended warranty and other service contracts. We recognized revenue of $1.5 billion and $1.4 billion related to contract liabilities during the years ended December 31, 2019 and 2018. We expect to recognize revenue of $1.1 billion, $487 million and $658 million in the years ending December 31, 2020, 2021 and thereafter related to contract liabilities as of December 31, 2019.
|