v3.20.4
Equipment on Operating Leases
 12 Months Ended
Dec. 31, 2020
Vehicles  
Property Subject to or Available for Operating Lease [Line Items]  
Equipment on Operating Leases Equipment on Operating Leases Equipment on operating leases primarily consists of leases to retail customers of GM Financial. The current portion of net equipment on operating leases is included in Other current assets.
December 31, 2020December 31, 2019
Equipment on operating leases$50,000 $53,081 
Less: accumulated depreciation(10,181)(10,989)
Equipment on operating leases, net$39,819 $42,092 

At December 31, 2020, the estimated residual value of our leased assets at the end of the lease term was $29.2 billion.

Depreciation expense related to Equipment on operating leases, net was $7.2 billion, $7.3 billion and $7.5 billion in the years ended December 31, 2020, 2019 and 2018.

The following table summarizes lease payments due to GM Financial on leases to retail customers:
Years Ending December 31,
20212022202320242025ThereafterTotal
Lease receipts under operating leases$6,142 $3,783 $1,441 $112 $2 $— $11,480