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Vehicle Rental Activities
6 Months Ended
Jun. 30, 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
June 30,December 31,
20242023
Rental vehicles$24,665 $23,114 
Less: Accumulated depreciation(2,703)(2,639)
21,962 20,475 
Vehicles held for sale432 734 
Vehicles, net investment in lease (a)
80 31 
Vehicles, net$22,474 $21,240 
________
(a)    See Note 14 – Related Party Transactions.

The components of vehicle depreciation and lease charges, net are summarized below:
 Three Months Ended 
June 30,
Six Months Ended 
June 30,
2024202320242023
Depreciation expense$655 $540 $1,217 $1,017 
Lease charges39 40 74 78 
(Gain) loss on sale of vehicles, net 39 (205)78 (455)
Vehicle depreciation and lease charges, net$733 $375 $1,369 $640 

At June 30, 2024 and 2023, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $573 million and $443 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $138 million and $140 million, respectively.