v3.26.3
Revenue Earning Vehicles
9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Earning Vehicles Revenue Earning Vehicles
The components of revenue earning vehicles, net are as follows:
(In millions)September 30,
2026
December 31,
2025
Revenue earning vehicles$14,548 $13,848 
Less accumulated depreciation(1,673)(1,513)
12,875 12,335 
Revenue earning vehicles held for sale, net(1)
92 191 
Revenue earning vehicles, net$12,967 $12,526 
(1)    Represents the carrying amount of non-program vehicles classified as held for sale as of the respective balance sheet date.

Depreciation of revenue earning vehicles and lease charges, net includes the following:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2026202520262025
Depreciation of revenue earning vehicles$410 $420 $1,299 $1,317 
(Gain) loss on disposal of revenue earning vehicles(1)
19 4 47 25 
Rents paid for vehicles leased39 33 90 65 
Depreciation of revenue earning vehicles and lease charges, net$468 $457 $1,436 $1,407 
(1)    Includes costs associated with the sales of vehicles of $38 million and $140 million for the three and nine months ended September 30, 2026, respectively. Includes costs associated with the sales of vehicles of $49 million and $203 million for the three and nine months ended September 30, 2025, respectively.