Vehicle Rental Activities (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

Useful lives are as follows:

Buildings	30 years
Furniture, fixtures & equipment	3 to 10 years
Capitalized software	3 to 7 years
Buses and support vehicles	4 to 15 years

The components of vehicles, net within assets under vehicle programs are as follows: 

	As of December 31,
	2022		2021
Rental vehicles	$	17,819	$	14,612
Less: Accumulated depreciation	(2,211)		(1,911)
	15,608		12,701
Vehicles held for sale	317		165
Vehicles, net investment in lease(a)	36		—
Vehicles, net	$	15,961	$	12,866

_______

(a)See Note 17 – Related Party Transactions

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

	Year Ended December 31,
	2022		2021		2020
Depreciation expense	$	1,709	$	1,402	$	1,330
Lease charges	138		156		195
(Gain) loss on sale of vehicles, net	(1,019)		(361)		(157)
Vehicle depreciation and lease charges, net	$	828	$	1,197	$	1,368

Property and equipment, net consisted of:

	As of December 31,
	2022		2021
Land	$	59	$	50
Buildings and leasehold improvements	507		525
Capitalized software	906		932
Furniture, fixtures and equipment	382		426
Projects in process	89		84
Buses and support vehicles	90		80
	2,033		2,097
Less: Accumulated depreciation and amortization	(1,439)		(1,560)
Property and equipment, net	$	594	$	537