Vehicle Rental Activities

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [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,
	2021		2020
Rental vehicles	$	10,251	$	9,210
Less: Accumulated depreciation	(1,288)		(1,337)
	8,963		7,873
Vehicles held for sale	138		280
Vehicles, net	$	9,101	$	8,153

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

	Three Months Ended  March 31,
	2021		2020
Depreciation expense	$	259	$	414
Lease charges	44		56
(Gain) loss on sale of vehicles, net	(49)		(11)
Vehicle depreciation and lease charges, net	$	254	$	459

At March 31, 2021 and 2020, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $344 million and $240 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $195 million and $491 million, respectively.