Vehicle Rental Activities

9 Months Ended

Sep. 30, 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
	September 30,		December 31,
	2020		2019
Rental vehicles	$	9,826	$	13,461
Less: Accumulated depreciation	(1,331)		(1,621)
	8,495		11,840
Vehicles held for sale	285		337
Vehicles, net	$	8,780	$	12,177

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

	Three Months Ended  September 30,				Nine Months Ended  September 30,
	2020		2019		2020		2019
Depreciation expense	$	315	$	516	$	1,063	$	1,457
Lease charges	50		72		149		191
(Gain) loss on sale of vehicles, net	(109)		(37)		(123)		(69)
Vehicle depreciation and lease charges, net	$	256	$	551	$	1,089	$	1,579

At September 30, 2020 and 2019, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $213 million and $297 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $357 million and $693 million, respectively.