v3.22.2
Equipment on Operating Leases
 6 Months Ended
Jun. 30, 2022
Vehicles  
Lessor, Lease, Description [Line Items]  
Equipment on Operating Leases Equipment on Operating Leases
Equipment on operating leases consists of leases to retail customers of GM Financial.
June 30, 2022December 31, 2021
Equipment on operating leases$43,925 $47,423 
Less: accumulated depreciation(8,618)(9,494)
Equipment on operating leases, net$35,307 $37,929 
The estimated residual value of our leased assets at the end of the lease term was $26.9 billion and $29.1 billion at June 30, 2022 and December 31, 2021.

Depreciation expense related to Equipment on operating leases, net was $1.2 billion and $1.5 billion in the three months ended June 30, 2022 and 2021 and $2.4 billion and $3.2 billion in the six months ended June 30, 2022 and 2021.

The following table summarizes lease payments due to GM Financial on leases to retail customers:
Year Ending December 31,
20222023202420252026ThereafterTotal
Lease receipts under operating leases$2,791 $4,179 $1,977 $422 $22 $— $9,393