XML 27 R9.htm IDEA: XBRL DOCUMENT v3.2.0.727
Leased Vehicles
6 Months Ended
Jun. 30, 2015
Property Subject to or Available for Operating Lease, Net [Abstract]  
Leased Vehicles
Leased Vehicles
Our operating lease program is offered primarily in the North America Segment. The following information regarding our leased vehicles is presented on a consolidated basis (in millions):
 
 
June 30, 2015
 
December 31, 2014
Leased vehicles
 
$
17,410

 
$
9,747

Manufacturer incentives
 
(2,745
)
 
(1,479
)
 
 
14,665

 
8,268

Less: accumulated depreciation
 
(1,761
)
 
(1,208
)
Leased vehicles, net
 
$
12,904

 
$
7,060


At June 30, 2015 and December 31, 2014, our Canadian subsidiary was servicing $50 million and $110 million of leased vehicles for a third party.
The following table summarizes minimum rental payments due to us as lessor under operating leases (in millions):
 
 
Years Ending December 31,
 
 
2015
 
2016
 
2017
 
2018
 
2019
Minimum rental payments under operating leases
 
$
1,108

 
$
2,052

 
$
1,552

 
$
546

 
$
42