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v3.22.4

Vehicle Rental Activities (Tables) | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Schedule of Property and Equipment, Net | Useful lives are as follows:
Buildings | 30 years
Furniture, fixtures & equipment | 3 to 10 years
Capitalized software | 3 to 7 years
Buses and support vehicles | 4 to 15 years
The components of vehicles, net within assets under vehicle programs are as follows:
| As of December 31,
| 2022 |  | 2021
Rental vehicles | $ | 17,819 |  |  | $ | 14,612 |
Less: Accumulated depreciation | (2,211) |  |  | (1,911) |
| 15,608 |  |  | 12,701 |
Vehicles held for sale | 317 |  |  | 165 |
Vehicles, net investment in lease(a) | 36 |  |  | — |
Vehicles, net | $ | 15,961 |  |  | $ | 12,866 |
_______ (a)See Note 17 – Related Party Transactions The components of vehicle depreciation and lease charges, net are summarized below:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Depreciation expense | $ | 1,709 |  |  | $ | 1,402 |  |  | $ | 1,330 |
Lease charges | 138 |  |  | 156 |  |  | 195 |
(Gain) loss on sale of vehicles, net | (1,019) |  |  | (361) |  |  | (157) |
Vehicle depreciation and lease charges, net | $ | 828 |  |  | $ | 1,197 |  |  | $ | 1,368 |
Property and equipment, net consisted of:
| As of December 31,
| 2022 |  | 2021
Land | $ | 59 |  |  | $ | 50 |
Buildings and leasehold improvements | 507 |  |  | 525 |
Capitalized software | 906 |  |  | 932 |
Furniture, fixtures and equipment | 382 |  |  | 426 |
Projects in process | 89 |  |  | 84 |
Buses and support vehicles | 90 |  |  | 80 |
| 2,033 |  |  | 2,097 |
Less: Accumulated depreciation and amortization | (1,439) |  |  | (1,560) |
Property and equipment, net | $ | 594 |  |  | $ | 537 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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