Vehicle Rental Activities

9 Months Ended

Sep. 30, 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
	September 30,		December 31,
	2021		2020
Rental vehicles	$	13,501	$	9,210
Less: Accumulated depreciation	(1,699)		(1,337)
	11,802		7,873
Vehicles held for sale	123		280
Vehicles, net	$	11,925	$	8,153

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

	Three Months Ended  September 30,				Nine Months Ended  September 30,
	2021		2020		2021		2020
Depreciation expense	$	386	$	315	$	981	$	1,063
Lease charges	43		50		129		149
(Gain) loss on sale of vehicles, net	(152)		(109)		(241)		(123)
Vehicle depreciation and lease charges, net	$	277	$	256	$	869	$	1,089

At September 30, 2021 and 2020, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $167 million and $213 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $145 million and $357 million, respectively.