Revenue Earning Vehicles (Tables)

9 Months Ended

Sep. 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)	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.

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 September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
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 leased	39		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.