v3.26.1
Vehicle Rental Activities
 6 Months Ended
Jun. 30, 2026
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,
20262025
Rental vehicles (a)
$22,057 $21,011 
Less: Accumulated depreciation(2,846)(2,859)
19,211 18,152 
Vehicles held for sale 207 432 
Vehicles, net investment in lease (b)
171 136 
Vehicles, net$19,589 $18,720 
__________
(a)For the year ended December 31, 2025, reflects long-lived asset impairment and other related charges, which reduced the carrying value of our rental vehicles to fair value.
(b)See Note 15 – 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,
2026202520262025
Depreciation expense$623 $657 $1,273 $1,350 
Lease charges28 33 52 61 
(Gain) loss on sale of vehicles, net (a)
(68)(54)(78)280 
Vehicle depreciation and lease charges, net$583 $636 $1,247 $1,691 
__________
(a)For the six months ended June 30, 2025, includes other fleet charges of $390 million related to the disposal of certain fleet in our Americas reportable segment.

As of June 30, 2026 and 2025, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $664 million and $630 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $190 million and $137 million, respectively.