XML 22 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Vehicle Rental Activities
 6 Months Ended
Jun. 30, 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
 
June 30,
 
December 31,
 
2016
 
2015
Rental vehicles
$
14,284

 
$
11,195

Less: Accumulated depreciation
(1,429
)
 
(1,500
)
 
12,855

 
9,695

Vehicles held for sale
372

 
963

Vehicles, net
$
13,227

 
$
10,658



The components of vehicle depreciation and lease charges, net are summarized below: 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2016
 
2015
 
2016
 
2015
Depreciation expense
$
499

 
$
490

 
$
931

 
$
913

Lease charges
42

 
35

 
76

 
68

Gain on sale of vehicles, net
(9
)
 
(27
)
 
(12
)
 
(51
)
Vehicle depreciation and lease charges, net
$
532

 
$
498

 
$
995

 
$
930



At June 30, 2016 and 2015, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $557 million and $577 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $251 million and $217 million, respectively.