Vehicle Rental Activities (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022
Rental vehicles	$	23,114	$	17,819
Less: Accumulated depreciation	(2,639)		(2,211)
	20,475		15,608
Vehicles held for sale	734		317
Vehicles, net investment in lease(a)	31		36
Vehicles, net	$	21,240	$	15,961

_________

(a)    See Note 17 – Related Party Transactions.

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

	Year Ended December 31,
	2023		2022		2021
Depreciation expense	$	2,228	$	1,709	$	1,402
Lease charges	167		138		156
(Gain) loss on sale of vehicles, net	(656)		(1,019)		(361)
Vehicle depreciation and lease charges, net	$	1,739	$	828	$	1,197

Property and equipment, net consisted of:

	As of December 31,
	2023		2022
Land	$	61	$	59
Buildings and leasehold improvements	574		507
Capitalized software	957		906
Furniture, fixtures and equipment	440		382
Projects in process	154		89
Buses and support vehicles	94		90
	2,280		2,033
Less: Accumulated depreciation and amortization	(1,561)		(1,439)
Property and equipment, net	$	719	$	594