Revenue Earning Vehicles (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Components of Revenue Earning Vehicles, Net

The components of revenue earning vehicles, net are as follows:


(In millions)	June 30, 2026		December 31, 2025
Revenue earning vehicles	$	15,138	$	13,848
Less accumulated depreciation	(1,569)		(1,513)
	13,569		12,335
Revenue earning vehicles held for sale, net(1)	111		191
Revenue earning vehicles, net	$	13,680	$	12,526

(1) Represents the carrying amount of non-program vehicles classified as held for sale as of the respective balance sheet date.

Schedule of Depreciation of Revenue Earning Vehicles and Lease Charges

Depreciation of revenue earning vehicles and lease charges, net includes the following:


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2026		2025		2026		2025
Depreciation of revenue earning vehicles	$	453	$	431	$	889	$	897
(Gain) loss on disposal of revenue earning vehicles(1)	5		(38)		28		21
Rents paid for vehicles leased	29		22		51		32
Depreciation of revenue earning vehicles and lease charges, net	$	487	$	415	$	968	$	950

(1) Includes costs associated with the sales of vehicles of $50 million and $102 million for the three and six months ended June 30, 2026, respectively. Includes costs associated with the sales of vehicles of $72 million and $154 million for the three and six months ended June 30, 2025, respectively.