Vehicle Rental Activities

3 Months Ended

Mar. 31, 2022

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,
	2022		2021
Rental vehicles	$	15,768	$	14,612
Less: Accumulated depreciation	(1,955)		(1,911)
	13,813		12,701
Vehicles held for sale	174		165
Vehicles, net	$	13,987	$	12,866

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

	Three Months Ended  March 31,
	2022		2021
Depreciation expense	$	381	$	259
Lease charges	33		44
(Gain) loss on sale of vehicles, net	(303)		(49)
Vehicle depreciation and lease charges, net	$	111	$	254

At March 31, 2022 and 2021, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $150 million and $344 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $64 million and $195 million, respectively.