| Revenue |
Revenue The following table disaggregates our revenue by major source: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2020 | | GMNA | | GMI | | Corporate | | Total Automotive | | Cruise | | GM Financial | | Eliminations/Reclassifications | | Total | Vehicle, parts and accessories | $ | 24,576 |
|
| $ | 2,998 |
|
| $ | — |
|
| $ | 27,574 |
|
| $ | — |
| | $ | — |
|
| $ | — |
|
| $ | 27,574 |
| Used vehicles | 376 |
| | 25 |
| | 2 |
| | 403 |
| | — |
| | — |
| | — |
| | 403 |
| Services and other | 879 |
|
| 257 |
|
| 36 |
|
| 1,172 |
|
| 25 |
| | — |
|
| (24 | ) |
| 1,173 |
| Automotive net sales and revenue | 25,831 |
|
| 3,280 |
|
| 38 |
|
| 29,149 |
|
| 25 |
| | — |
|
| (24 | ) |
| 29,150 |
| Leased vehicle income | — |
| | — |
| | — |
| | — |
| | — |
| | 2,463 |
| | — |
| | 2,463 |
| Finance charge income | — |
| | — |
| | — |
| | — |
| | — |
| | 1,006 |
| | (1 | ) | | 1,005 |
| Other income | — |
| | — |
| | — |
| | — |
| | — |
| | 92 |
| | (1 | ) | | 91 |
| GM Financial net sales and revenue | — |
|
| — |
|
| — |
|
| — |
|
| — |
| | 3,561 |
|
| (2 | ) |
| 3,559 |
| Net sales and revenue | $ | 25,831 |
|
| $ | 3,280 |
|
| $ | 38 |
|
| $ | 29,149 |
|
| $ | 25 |
| | $ | 3,561 |
|
| $ | (26 | ) |
| $ | 32,709 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended March 31, 2019 |
| GMNA |
| GMI |
| Corporate |
| Total Automotive |
| Cruise | | GM Financial |
| Eliminations/ Reclassifications |
| Total | Vehicle, parts and accessories | $ | 25,962 |
|
| $ | 3,567 |
|
| $ | — |
|
| $ | 29,529 |
|
| $ | — |
| | $ | — |
|
| $ | — |
|
| $ | 29,529 |
| Used vehicles | 627 |
|
| 35 |
|
| — |
|
| 662 |
|
| — |
| | — |
|
| — |
|
| 662 |
| Services and other | 776 |
|
| 248 |
|
| 46 |
|
| 1,070 |
|
| 25 |
| | — |
|
| (25 | ) |
| 1,070 |
| Automotive net sales and revenue | 27,365 |
|
| 3,850 |
|
| 46 |
|
| 31,261 |
|
| 25 |
| | — |
|
| (25 | ) |
| 31,261 |
| Leased vehicle income | — |
|
| — |
|
| — |
|
| — |
|
| — |
| | 2,509 |
|
| — |
|
| 2,509 |
| Finance charge income | — |
|
| — |
|
| — |
|
| — |
|
| — |
| | 987 |
|
| (2 | ) |
| 985 |
| Other income | — |
|
| — |
|
| — |
|
| — |
|
| — |
| | 124 |
|
| (1 | ) |
| 123 |
| GM Financial net sales and revenue | — |
|
| — |
|
| — |
|
| — |
|
| — |
| | 3,620 |
|
| (3 | ) |
| 3,617 |
| Net sales and revenue | $ | 27,365 |
|
| $ | 3,850 |
|
| $ | 46 |
|
| $ | 31,261 |
|
| $ | 25 |
| | $ | 3,620 |
|
| $ | (28 | ) |
| $ | 34,878 |
|
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 in the three months ended March 31, 2020 and 2019. Contract liabilities in our Automotive segments primarily consist of maintenance, extended warranty and other service contracts. We recognized revenue of $386 million and $433 million related to contract liabilities during the three months ended March 31, 2020 and 2019. We expect to recognize revenue of $885 million in the nine months ending December 31, 2020 and $593 million, $346 million and $447 million in the years ending December 31, 2021, 2022 and thereafter related to contract liabilities at March 31, 2020.
|