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Vehicle Rental Activities | 6 Months Ended
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Jun. 30, 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
| June 30, |  | December 31,
| 2025 |  | 2024
Rental vehicles | $ | 23,060 |  |  | $ | 20,094 |
Less: Accumulated depreciation | (2,943) |  |  | (3,143) |
| 20,117 |  |  | 16,951 |
Vehicles held for sale | 301 |  |  | 594 |
Vehicles, net investment in lease (a) | 92 |  |  | 74 |
Vehicles, net | $ | 20,510 |  |  | $ | 17,619 |
__________ (a)See Note 14 – Related Party Transactions. The components of vehicle depreciation and lease charges, net are summarized below:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation expense | $ | 657 |  |  | $ | 655 |  |  | $ | 1,350 |  |  | $ | 1,217 |
Lease charges | 33 |  |  | 39 |  |  | 61 |  |  | 74 |
(Gain) loss on sale of vehicles, net (a) | (54) |  |  | 39 |  |  | 280 |  |  | 78 |
Vehicle depreciation and lease charges, net | $ | 636 |  |  | $ | 733 |  |  | $ | 1,691 |  |  | $ | 1,369 |
__________ (a)For the six months ended June 30, 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 2024. As of June 30, 2025 and 2024, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $630 million and $573 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $137 million and $138 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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