Vehicle Rental Activities

6 Months Ended

Jun. 30, 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
	June 30,		December 31,
	2022		2021
Rental vehicles	$	18,161	$	14,612
Less: Accumulated depreciation	(2,116)		(1,911)
	16,045		12,701
Vehicles held for sale	270		165
Vehicles, net	$	16,315	$	12,866

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

	Three Months Ended  June 30,				Six Months Ended  June 30,
	2022		2021		2022		2021
Depreciation expense	$	396	$	336	$	777	$	595
Lease charges	32		42		65		86
(Gain) loss on sale of vehicles, net	(194)		(40)		(497)		(89)
Vehicle depreciation and lease charges, net	$	234	$	338	$	345	$	592

At June 30, 2022 and 2021, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $249 million and $485 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $74 million and $104 million, respectively.