Vehicle Rental Activities

3 Months Ended

Mar. 31, 2017

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,
	2017			2016
Rental vehicles	$	12,387		$	10,937
Less: Accumulated depreciation	(1,360		)	(1,454		)
	11,027			9,483
Vehicles held for sale	459			981
Vehicles, net	$	11,486		$	10,464

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

	Three Months Ended   March 31,
	2017		2016
Depreciation expense	$	437	$	432
Lease charges	43		34
(Gain) loss on sale of vehicles, net	24		(3		)
Vehicle depreciation and lease charges, net	$	504	$	463

At March 31, 2017 and 2016, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $546 million and $467 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $277 million and $331 million, respectively.