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Vehicle Rental Activities | 9 Months Ended
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Sep. 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
| September 30, |  | December 31,
| 2025 |  | 2024
Rental vehicles | $ | 22,020 |  |  | $ | 20,094 |
Less: Accumulated depreciation | (2,928) |  |  | (3,143) |
| 19,092 |  |  | 16,951 |
Vehicles held for sale | 448 |  |  | 594 |
Vehicles, net investment in lease (a) | 100 |  |  | 74 |
Vehicles, net | $ | 19,640 |  |  | $ | 17,619 |
__________ (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,
| 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation expense | $ | 675 |  |  | $ | 723 |  |  | $ | 2,025 |  |  | $ | 1,940 |
Lease charges | 34 |  |  | 41 |  |  | 95 |  |  | 115 |
(Gain) loss on sale of vehicles, net (a) | (31) |  |  | 42 |  |  | 249 |  |  | 120 |
Vehicle depreciation and lease charges, net | $ | 678 |  |  | $ | 806 |  |  | $ | 2,369 |  |  | $ | 2,175 |
__________ (a)For the nine months ended September 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 September 30, 2025 and 2024, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $216 million and $152 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $486 million and $284 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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