v3.26.3
OPERATING LEASE ASSETS, NET
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
OPERATING LEASE ASSETS, NET OPERATING LEASE ASSETS, NET
The Company's Operating lease assets, net consisted of the following as of the periods indicated:
(in millions)September 30, 2026December 31, 2025
Basis in leased vehicles (1)
$8,046 $11,155 
Less: accumulated depreciation
(2,212)(2,798)
Leased vehicles, net$5,834 $8,357 
(1) Represents the basis in leased vehicles where the Company is the lessor. Unaccreted manufacturers subvention payments and unamortized origination and other costs are treated as a reduction to this basis.

The following table summarizes the future minimum rental payments due to the Company as lessor under operating leases as of September 30, 2026:
(in millions)
2026$267 
2027582 
2028197 
202946 
2030— 
Total$1,092