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Vehicle Rental Activities | 3 Months Ended
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Mar. 31, 2025
Property, Plant and Equipment [Abstract] |
Vehicle Rental Activities | Vehicle Rental Activities The components of vehicles, net within assets under vehicle programs are as follows:
| As of |  | As of
| March 31, |  | December 31,
| 2025 |  | 2024
Rental vehicles | $ | 19,918 |  |  | $ | 20,094 |
Less: Accumulated depreciation | (2,777) |  |  | (3,143) |
| 17,141 |  |  | 16,951 |
Vehicles held for sale | 301 |  |  | 594 |
Vehicles, net investment in lease (a) | 80 |  |  | 74 |
Vehicles, net | $ | 17,522 |  |  | $ | 17,619 |
__________ (a)See Note 14 – Related Party Transactions. The components of vehicle depreciation and lease charges, net are summarized below:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Depreciation expense |  |  |  |  | $ | 693 |  |  | $ | 562 |
Lease charges |  |  |  |  | 28 |  |  | 35 |
(Gain) loss on sale of vehicles, net (a) |  |  |  |  | 334 |  |  | 39 |
Vehicle depreciation and lease charges, net |  |  |  |  | $ | 1,055 |  |  | $ | 636 |
__________ (a)For the three months ended March 31, 2025, includes other fleet charges of $390 million related to the accelerated disposal of certain fleet in our Americas reportable segment. These costs relate to vehicles that were not included in the long-lived asset impairment and other related charges recorded in the year ended December 31, 2024. At March 31, 2025 and 2024, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $449 million and $483 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $231 million and $239 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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