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v3.22.2.2

Vehicle Rental Activities | 9 Months Ended
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Sep. 30, 2022
Property, Plant and Equipment [Abstract] |
Vehicle Rental Activities | Vehicle Rental Activities The components of vehicles, net within assets under vehicle programs were as follows:
| As of |  | As of
| September 30, |  | December 31,
| 2022 |  | 2021
Rental vehicles | $ | 17,077 |  |  | $ | 14,612 |
Less: Accumulated depreciation | (2,087) |  |  | (1,911) |
| 14,990 |  |  | 12,701 |
Vehicles held for sale | 365 |  |  | 165 |
Vehicles, net investment in lease (a) | 36 |  |  | — |
Vehicles, net | $ | 15,391 |  |  | $ | 12,866 |
________ (a) See Note 14 – Related Party Transactions. The components of vehicle depreciation and lease charges, net are summarized below:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Depreciation expense | $ | 455 |  |  | $ | 386 |  |  | $ | 1,232 |  |  | $ | 981 |
Lease charges | 38 |  |  | 43 |  |  | 103 |  |  | 129 |
(Gain) loss on sale of vehicles, net | (359) |  |  | (152) |  |  | (856) |  |  | (241) |
Vehicle depreciation and lease charges, net | $ | 134 |  |  | $ | 277 |  |  | $ | 479 |  |  | $ | 869 |
At September 30, 2022 and 2021, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $154 million and $167 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $225 million and $145 million, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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