Vehicle Rental Activities

3 Months Ended

Mar. 31, 2016

Vehicle Rental Activities [Abstract]

Vehicle Rental Activities

Vehicle Rental Activities

The components of vehicles, net within assets under vehicle programs were as follows:

	As of			As of
	March 31,			December 31,
	2016			2015
Rental vehicles	$	12,262		$	11,195
Less: Accumulated depreciation	(1,347		)	(1,500		)
	10,915			9,695
Vehicles held for sale	1,038			963
Vehicles, net	$	11,953		$	10,658

The components of vehicle depreciation and lease charges, net are summarized below:

	Three Months Ended   March 31,
	2016			2015
Depreciation expense	$	432		$	423
Lease charges	34			33
Gain on sale of vehicles, net	(3		)	(24		)
Vehicle depreciation and lease charges, net	$	463		$	432

At March 31, 2016 and 2015, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $467 million and $428 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $331 million and $246 million, respectively.