v3.25.2
Vehicle Rental Activities
 6 Months Ended
Jun. 30, 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
June 30,December 31,
20252024
Rental vehicles$23,060 $20,094 
Less: Accumulated depreciation(2,943)(3,143)
20,117 16,951 
Vehicles held for sale301 594 
Vehicles, net investment in lease (a)
92 74 
Vehicles, net$20,510 $17,619 
__________
(a)See Note 14 – Related Party Transactions.

The components of vehicle depreciation and lease charges, net are summarized below:
 Three Months Ended 
June 30,		Six Months Ended 
June 30,
2025202420252024
Depreciation expense$657 $655 $1,350 $1,217 
Lease charges33 39 61 74 
(Gain) loss on sale of vehicles, net (a)
(54)39 280 78 
Vehicle depreciation and lease charges, net$636 $733 $1,691 $1,369 
__________
(a)For the six months ended June 30, 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 2024.
As of June 30, 2025 and 2024, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $630 million and $573 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $137 million and $138 million, respectively.