Vehicle Rental Activities (Tables)

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

The components of vehicles, net within assets under vehicle programs are as follows: 

	As of		As of
	March 31,		December 31,
	2025		2024
Rental vehicles	$	19,918	$	20,094
Less: Accumulated depreciation	(2,777)		(3,143)
	17,141		16,951
Vehicles held for sale	301		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,
	2025		2024
Depreciation expense	$	693	$	562
Lease charges	28		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.