General Motors GM Operating Lease Liabilities (Current)

Rent expense under operating leases was $378 million, $369 million, and $346 million in the years ended December 31, 2025, 2024, and 2023. Variable lease costs were insignificant in the years ended December 31, 2025, 2024, and 2023. At December 31, 2025 and 2024, operating lease right of use assets in Other assets were $1.0 billion and $919 million, operating lease liabilities in Accrued liabilities were $266 million and $254 million, and non-current operating lease liabilities in Other liabilities were $1.0 billion. Operating lease right of use assets obtained in exchange for lease obligations were $351 million and $368 million in the years ended December 31, 2025 and 2024. Our undiscounted future lease obligations related to operating leases having initial terms in excess of one year are $321 million, $254 million, $216 million, $185 million, $156 million, and $416 million for the years 2026, 2027, 2028, 2029, 2030, and thereafter, with imputed interest of $248 million as of December 31, 2025. The weighted-average discount rate was 5.0% and 4.6% and the weighted-average remaining lease term was 6.6 years and 5.9 years at December 31, 2025 and 2024. Payments for operating leases included in Net cash provided by (used in) operating activities were $393 million, $416 million, and $359 million in the years ended December 31, 2025, 2024, and 2023. Lease agreements that have not yet commenced were insignificant at December 31, 2025.