v3.23.3
Revenue
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table disaggregates our revenue by major source:
Three Months Ended September 30, 2023
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$34,893 $3,913 $17 $38,823 $— $— $(5)$38,818 
Used vehicles310 12 — 322 — — — 322 
Services and other903 405 50 1,358 25 — (25)1,359 
Automotive net sales and revenue36,106 4,330 67 40,503 25 — (30)40,498 
Leased vehicle income— — — — — 1,820 — 1,820 
Finance charge income— — — — — 1,621 (5)1,616 
Other income— — — — — 200 (3)197 
GM Financial net sales and revenue— — — — — 3,641 (8)3,633 
Net sales and revenue$36,106 $4,330 $67 $40,503 $25 $3,641 $(38)$44,131 

Three Months Ended September 30, 2022
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$33,749 $3,613 $1 $37,363 $— $— $— $37,363 
Used vehicles143 12 — 155 — — — 155 
Services and other799 355 31 1,185 25 — (25)1,185 
Automotive net sales and revenue34,691 3,980 32 38,703 25 — (25)38,703 
Leased vehicle income— — — — — 1,912 — 1,912 
Finance charge income— — — — — 1,158 — 1,157 
Other income— — — — — 118 (1)117 
GM Financial net sales and revenue— — — — — 3,187 (2)3,185 
Net sales and revenue$34,691 $3,980 $32 $38,703 $25 $3,187 $(27)$41,889 

Nine Months Ended September 30, 2023
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$102,868 $10,876 $67 $113,811 $— $— $(6)$113,805 
Used vehicles741 22 — 763 — — — 763 
Services and other2,605 1,113 110 3,828 76 — (75)3,829 
Automotive net sales and revenue106,214 12,011 177 118,403 76 — (81)118,398 
Leased vehicle income— — — — — 5,458 — 5,458 
Finance charge income— — — — — 4,480 (11)4,469 
Other income— — — — — 544 (6)538 
GM Financial net sales and revenue— — — — — 10,482 (17)10,465 
Net sales and revenue$106,214 $12,011 $177 $118,403 $76 $10,482 $(98)$128,863 
Nine Months Ended September 30, 2022
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$90,147 $10,092 $28 $100,267 $— $— $— $100,267 
Used vehicles355 23 — 378 — — — 378 
Services and other2,405 985 104 3,494 76 — (75)3,495 
Automotive net sales and revenue92,907 11,100 132 104,140 76 — (75)104,141 
Leased vehicle income— — — — — 5,967 — 5,967 
Finance charge income— — — — — 3,230 — 3,229 
Other income— — — — — 293 (3)290 
GM Financial net sales and revenue— — — — — 9,489 (3)9,486 
Net sales and revenue$92,907 $11,100 $132 $104,140 $76 $9,489 $(79)$113,627 
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 an insignificant amount in the three months ended September 30, 2023 and 2022.
Contract liabilities in our Automotive segments primarily consist of maintenance, extended warranty and other service contracts of $4.8 billion and $3.3 billion at September 30, 2023 and December 31, 2022, which are included in Accrued liabilities and Other liabilities. We recognized revenue of $284 million and $1.1 billion related to contract liabilities in the three and nine months ended September 30, 2023 and $256 million and $982 million in the three and nine months ended September 30, 2022. We expect to recognize revenue of $555 million in the three months ending December 31, 2023 and $1.5 billion, $1.2 billion and $1.6 billion in the years ending December 31, 2024, 2025 and thereafter related to contract liabilities at September 30, 2023.