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Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment Rental Equipment Rental equipment consists of the following:
December 31,
20212020
Rental equipment
$16,445 $14,216 
Less accumulated depreciation
(5,885)(5,511)
Rental equipment, net (1)$10,560 $8,705 
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(1)    As discussed above, disciplined management of capital expenditures and fleet capacity is a component of our COVID-19 response plan. In 2020, when we significantly reduced capital expenditures largely due to COVID-19, net rental equipment declined $1.082 billion. The increase in net rental equipment in 2021 primarily reflects net rental capital expenditures (purchases of rental equipment less proceeds from sales of rental equipment) that exceeded historic (pre-COVID-19) levels, as well as the impact of the General Finance acquisition discussed in note 4 to the consolidated financial statements. Net rental capital expenditures were $2.030 billion, $103 and $1.301 billion in 2021, 2020 and December 31, 2019, respectively.
Property and Equipment
Property and equipment consist of the following:
December 31,
20212020
Land
$117 $111 
Buildings
222 215 
Non-rental vehicles
187 168 
Machinery and equipment
182 164 
Furniture and fixtures
345 338 
Leasehold improvements
427 396 
1,480 1,392 
Less accumulated depreciation and amortization
(868)(788)
Property and equipment, net
$612 $604