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Vehicle Rental Activities
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Vehicle Rental Activities Vehicle Rental Activities
The components of vehicles, net within assets under vehicle programs are as follows: 
As ofAs of
March 31,December 31,
20242023
Rental vehicles$24,110 $23,114 
Less: Accumulated depreciation(2,647)(2,639)
21,463 20,475 
Vehicles held for sale521 734 
Vehicles, net investment in lease (a)
36 31 
Vehicles, net$22,020 $21,240 
________
(a)    See Note 14 – Related Party Transactions.

The components of vehicle depreciation and lease charges, net are summarized below: 
 Three Months Ended 
March 31,
20242023
Depreciation expense$562 $477 
Lease charges35 38 
(Gain) loss on sale of vehicles, net 39 (250)
Vehicle depreciation and lease charges, net$636 $265 

At March 31, 2024 and 2023, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $483 million and $314 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $239 million and $137 million, respectively.