Vehicle Rental Activities

3 Months Ended

Mar. 31, 2020

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,
	2020			2019
Rental vehicles	$	13,001		$	13,461
Less: Accumulated depreciation	(1,429		)	(1,621		)
	11,572			11,840
Vehicles held for sale	1,243			337
Vehicles, net	$	12,815		$	12,177

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

	Three Months Ended  March 31,
	2020			2019
Depreciation expense	$	414		$	436
Lease charges	56			57
(Gain) loss on sale of vehicles, net	(11		)	(8		)
Vehicle depreciation and lease charges, net	$	459		$	485

At March 31, 2020 and 2019, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $240 million and $632 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $491 million and $474 million, respectively.