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Vehicle Rental Activities
 3 Months Ended
Mar. 31, 2025
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,
20252024
Rental vehicles$19,918 $20,094 
Less: Accumulated depreciation(2,777)(3,143)
17,141 16,951 
Vehicles held for sale301 594 
Vehicles, net investment in lease (a)
80 74 
Vehicles, net$17,522 $17,619 
__________
(a)See Note 14 – Related Party Transactions.

The components of vehicle depreciation and lease charges, net are summarized below:
 Three Months Ended 
March 31,
20252024
Depreciation expense$693 $562 
Lease charges28 35 
(Gain) loss on sale of vehicles, net (a)
334 39 
Vehicle depreciation and lease charges, net$1,055 $636 
__________
(a)For the three months ended March 31, 2025, includes other fleet charges of $390 million related to the accelerated disposal of certain fleet in our Americas reportable segment. These costs relate to vehicles that were not included in the long-lived asset impairment and other related charges recorded in the year ended December 31, 2024.

At March 31, 2025 and 2024, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $449 million and $483 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $231 million and $239 million, respectively.