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Vehicle Rental Activities
9 Months Ended
Sep. 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
September 30,December 31,
20242023
Rental vehicles$23,633 $23,114 
Less: Accumulated depreciation(2,982)(2,639)
20,651 20,475 
Vehicles held for sale602 734 
Vehicles, net investment in lease (a)
99 31 
Vehicles, net$21,352 $21,240 
________
(a)    See Note 14 – Related Party Transactions.

The components of vehicle depreciation and lease charges, net are summarized below:
 Three Months Ended 
September 30,
Nine Months Ended 
September 30,
2024202320242023
Depreciation expense$723 $614 $1,940 $1,631 
Lease charges41 48 115 126 
(Gain) loss on sale of vehicles, net 42 (145)120 (600)
Vehicle depreciation and lease charges, net$806 $517 $2,175 $1,157 

At September 30, 2024 and 2023, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $152 million and $206 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $284 million and $252 million, respectively.