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Revenue Earning Equipment
 12 Months Ended
Dec. 31, 2013
Revenue Earning Equipment [Abstract]  
REVENUE EARNING EQUIPMENT
REVENUE EARNING EQUIPMENT
 
 
Estimated
Useful
Lives
 
December 31, 2013
 
December 31, 2012
Cost
 
Accumulated
Depreciation
 
Net Book
Value (1)
 
Cost
 
Accumulated
Depreciation
 
Net Book
Value (1)
(In years)
 
(In thousands)
Held for use:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Full service lease
 
3 — 12
 
$
7,436,093

 
(2,537,077
)
 
4,899,016

 
6,728,746

 
(2,500,786
)
 
4,227,960

Commercial rental
 
4.5 — 12
 
2,210,863

 
(747,283
)
 
1,463,580

 
2,041,698

 
(660,356
)
 
1,381,342

Held for sale
 
 
 
439,983

 
(311,742
)
 
128,241

 
499,074

 
(353,768
)
 
145,306

Total
 
 
 
$
10,086,939

 
(3,596,102
)
 
6,490,837

 
9,269,518

 
(3,514,910
)
 
5,754,608

_______________ 
(1)
Revenue earning equipment, net includes vehicles under capital leases of $54 million, less accumulated depreciation of $22 million, at December 31, 2013 and $56 million, less accumulated depreciation of $17 million, at December 31, 2012.

Depreciation expense was $884 million, $867 million and $800 million in 2013, 2012 and 2011, respectively. At the end of each fiscal year, we review residual values and useful lives of revenue earning equipment. Based on the results of these analyses, we adjust the estimated residual values and useful lives of certain classes of revenue earning equipment effective January 1 of the following year. The change in estimated residual values and useful lives increased pre-tax earnings by approximately $30 million in 2013 compared with 2012, and approximately $18 million in 2012 compared with 2011.