| Revenue |
Revenue The following table disaggregates our revenue by major source: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2020 | | | | | | | | | | | | | | | | GMNA | | GMI | | Corporate | | Total Automotive | | Cruise | | GM Financial | | Eliminations/Reclassifications | | Total | Vehicle, parts and accessories | $ | 10,850 | | | $ | 1,439 | | | $ | — | | | $ | 12,289 | | | $ | — | | | $ | — | | | $ | — | | | $ | 12,289 | | Used vehicles | 122 | | | 17 | | | 8 | | | 147 | | | — | | | — | | | — | | | 147 | | | Services and other | 632 | | | 221 | | | 72 | | | 925 | | | 28 | | | — | | | (26) | | | 927 | | Automotive net sales and revenue | 11,604 | | | 1,677 | | | 80 | | | 13,361 | | | 28 | | | — | | | (26) | | | 13,363 | | Leased vehicle income | — | | | — | | | — | | | — | | | — | | | 2,386 | | | — | | | 2,386 | | Finance charge income | — | | | — | | | — | | | — | | | — | | | 966 | | | — | | | 966 | | Other income | — | | | — | | | — | | | — | | | — | | | 71 | | | (8) | | | 63 | | GM Financial net sales and revenue | — | | | — | | | — | | | — | | | — | | | 3,423 | | | (8) | | | 3,415 | | Net sales and revenue | $ | 11,604 | | | $ | 1,677 | | | $ | 80 | | | $ | 13,361 | | | $ | 28 | | | $ | 3,423 | | | $ | (34) | | | $ | 16,778 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2019 | | | | | | | | | | | | | | | | GMNA | | GMI | | Corporate | | Total Automotive | | Cruise | | GM Financial | | Eliminations/ Reclassifications | | Total | Vehicle, parts and accessories | $ | 26,976 | | | $ | 3,744 | | | $ | — | | | $ | 30,720 | | | $ | — | | | $ | — | | | $ | — | | | $ | 30,720 | | Used vehicles | 577 | | | 29 | | | — | | | 606 | | | — | | | — | | | — | | | 606 | | | Services and other | 771 | | | 274 | | | 54 | | | 1,099 | | | 25 | | | — | | | (25) | | | 1,099 | | Automotive net sales and revenue | 28,324 | | | 4,047 | | | 54 | | | 32,425 | | | 25 | | | — | | | (25) | | | 32,425 | | Leased vehicle income | — | | | — | | | — | | | — | | | — | | | 2,512 | | | — | | | 2,512 | | Finance charge income | — | | | — | | | — | | | — | | | — | | | 1,008 | | | (2) | | | 1,006 | | Other income | — | | | — | | | — | | | — | | | — | | | 119 | | | (2) | | | 117 | | GM Financial net sales and revenue | — | | | — | | | — | | | — | | | — | | | 3,639 | | | (4) | | | 3,635 | | Net sales and revenue | $ | 28,324 | | | $ | 4,047 | | | $ | 54 | | | $ | 32,425 | | | $ | 25 | | | $ | 3,639 | | | $ | (29) | | | $ | 36,060 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2020 | | | | | | | | | | | | | | | | GMNA | | GMI | | Corporate | | Total Automotive | | Cruise | | GM Financial | | Eliminations/Reclassifications | | Total | Vehicle, parts and accessories | $ | 35,426 | | | $ | 4,437 | | | $ | — | | | $ | 39,863 | | | $ | — | | | $ | — | | | $ | — | | | $ | 39,863 | | Used vehicles | 498 | | | 42 | | | 10 | | | 550 | | | — | | | — | | | — | | | 550 | | | Services and other | 1,511 | | | 478 | | | 108 | | | 2,097 | | | 53 | | | — | | | (50) | | | 2,100 | | Automotive net sales and revenue | 37,435 | | | 4,957 | | | 118 | | | 42,510 | | | 53 | | | — | | | (50) | | | 42,513 | | Leased vehicle income | — | | | — | | | — | | | — | | | — | | | 4,849 | | | — | | | 4,849 | | Finance charge income | — | | | — | | | — | | | — | | | — | | | 1,972 | | | (1) | | | 1,971 | | Other income | — | | | — | | | — | | | — | | | — | | | 163 | | | (9) | | | 154 | | GM Financial net sales and revenue | — | | | — | | | — | | | — | | | — | | | 6,984 | | | (10) | | | 6,974 | | Net sales and revenue | $ | 37,435 | | | $ | 4,957 | | | $ | 118 | | | $ | 42,510 | | | $ | 53 | | | $ | 6,984 | | | $ | (60) | | | $ | 49,487 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2019 | | | | | | | | | | | | | | | | GMNA | | GMI | | Corporate | | Total Automotive | | Cruise | | GM Financial | | Eliminations/ Reclassifications | | Total | Vehicle, parts and accessories | $ | 52,938 | | | $ | 7,311 | | | $ | — | | | $ | 60,249 | | | $ | — | | | $ | — | | | $ | — | | | $ | 60,249 | | Used vehicles | 1,204 | | | 64 | | | — | | | 1,268 | | | — | | | — | | | — | | | 1,268 | | | Services and other | 1,547 | | | 522 | | | 100 | | | 2,169 | | | 50 | | | — | | | (50) | | | 2,169 | | Automotive net sales and revenue | 55,689 | | | 7,897 | | | 100 | | | 63,686 | | | 50 | | | — | | | (50) | | | 63,686 | | Leased vehicle income | — | | | — | | | — | | | — | | | — | | | 5,021 | | | — | | | 5,021 | | Finance charge income | — | | | — | | | — | | | — | | | — | | | 1,995 | | | (4) | | | 1,991 | | Other income | — | | | — | | | — | | | — | | | — | | | 243 | | | (3) | | | 240 | | GM Financial net sales and revenue | — | | | — | | | — | | | — | | | — | | | 7,259 | | | (7) | | | 7,252 | | Net sales and revenue | $ | 55,689 | | | $ | 7,897 | | | $ | 100 | | | $ | 63,686 | | | $ | 50 | | | $ | 7,259 | | | $ | (57) | | | $ | 70,938 | |
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 increased revenue by $470 million and were insignificant in the three months ended June 30, 2020 and 2019. Contract liabilities in our Automotive segments primarily consist of maintenance, extended warranty and other service contracts of $2.3 billion and $2.2 billion at June 30, 2020 and December 31, 2019, which are included in Accrued liabilities and Other liabilities. We recognized revenue of $241 million and $627 million related to contract liabilities in the three and six months ended June 30, 2020 and $469 million and $902 million in the three and six months ended June 30, 2019. We expect to recognize revenue of $651 million in the six months ending December 31, 2020 and $718 million, $381 million and $533 million in the years ending December 31, 2021, 2022 and thereafter related to contract liabilities at June 30, 2020.
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