Vehicle Leasing Activities

6 Months Ended

Jun. 30, 2011

Vehicle Leasing Activities [Abstract]

Vehicle Leasing Activities

6.  Vehicle Leasing Activities

The components of Net investment in fleet leases were as follows:

	June 30,			December 31,
	2011			2010
Operating Leases:	(In millions)
Vehicles under open-end operating leases	$	8,110		$	7,601
Vehicles under closed-end operating leases		189			208
Vehicles under operating leases		8,299			7,809
Less: Accumulated depreciation		(5,093	)		(4,671	)
Net investment in operating leases		3,206			3,138
Direct Financing Leases:
Lease payments receivable		92			106
Less: Unearned income		(2	)		(3	)
Net investment in direct financing leases		90			103
Off-Lease Vehicles:
Vehicles not yet subject to a lease		221			248
Vehicles held for sale		17			7
Less: Accumulated depreciation		(8	)		(4	)
Net investment in off-lease vehicles		230			251
Net investment in fleet leases	$	3,526		$	3,492