Revenue Earning Equipment

6 Months Ended

Jun. 30, 2015

Depreciation of Revenue Earning Equipment and Lease Charges Disclosure [Abstract]

The components of revenue earning equipment, net are as follows:



(In millions)	June 30, 2015 (Restated)			December 31, 2014
Revenue earning equipment	$	19,734		$	17,837
Less: Accumulated depreciation	(4,042		)	(4,427		)
	15,692			13,410
Revenue earning equipment held for sale, net	322			243
Revenue earning equipment, net	$	16,014		$	13,653

Depreciation of revenue earning equipment and lease charges, net includes the following:



	Three Months Ended June 30,					Six Months Ended June 30,
(In millions)	2015 (Restated)			2014		2015 (Restated)		2014
Depreciation of revenue earning equipment	$	662		$	685	$	1,337	$	1,353
(Gain) loss on disposal of revenue earning equipment^(a)	(2		)	2		12		40
Rents paid for vehicles leased	18			21		36		41
Depreciation of revenue earning equipment and lease charges, net	$	678		$	708	$	1,385	$	1,434

(a) (Gain) loss on disposal of revenue earning equipment by segment is as follows:



	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2015			2014			2015			2014
U.S. Car Rental	$	5		$	11		$	25		$	54
International Car Rental	(1		)	(4		)	(1		)	(3		)
Worldwide Equipment Rental	(6		)	(5		)	(12		)	(11		)
Total	$	(2	)	$	2		$	12		$	40

Depreciation rates are reviewed on a quarterly basis based on management's ongoing assessment of present and estimated future market conditions, their effect on residual values at the time of disposal and the estimated holding periods for the fleet and equipment. Depreciation rate changes impacted the following segments:



Increase (decrease)	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2015		2014		2015		2014
U.S. Car Rental	$	27	$	37	$	57	$	76
International Car Rental	—		1		—		1
Total	$	27	$	38	$	57	$	77