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Leases (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Lease Revenues Disaggregated by Geography [Table Text Block] | The following table presents the Company’s lease revenues disaggregated by geography.
|  | Three Months Ended March 31, 2019
Americas | $ | 1,319 |
Europe, Middle East and Africa | 414 |
Asia and Australasia | 157 |
Total lease revenues | $ | 1,890 |
Lease Revenues Disaggregated by Brand [Table Text Block] | The following table presents the Company’s lease revenues disaggregated by brand.
|  | Three Months Ended March 31, 2019
Avis | $ | 1,083 |
Budget | 640 |
Other | 167 |
Total lease revenues | $ | 1,890 |
________ Other includes Zipcar and other operating brands.
Lease, Cost [Table Text Block] | The components of lease expense are as follows:
| Three Months Ended March 31, 2019
Property leases (a) |
Operating lease expense | $ | 177 |
Variable lease expense | 51 |
Total property lease expense | $ | 228 |
Vehicle leases |
Finance lease expense: |
Amortization of ROU assets (b) | $ | 11 |
Interest on lease liabilities (c) | 1 |
Operating lease expense (b) | 57 |
Total vehicle lease expense | $ | 69 |
__________
(a) | Primarily included in operating expense.
(b) | Included in vehicle depreciation and lease charges, net.
Supplemental Balance Sheet Information related to Leases [Table Text Block] | Supplemental balance sheet information related to leases is as follows:
| As of March 31, 2019
Property leases |
Operating lease ROU assets | $ | 2,506 |
Short-term operating lease liabilities (a) | $ | 474 |
Long-term operating lease liabilities | 2,046 |
Operating lease liabilities | $ | 2,520 |
Weighted average remaining lease term | 9.5 years |
Weighted average discount rate | 4.58 | %
Vehicle leases |
Finance |
Finance lease ROU assets, gross | $ | 282 |
Accumulated amortization | (50 | )
Finance lease ROU assets, net (b) | $ | 232 |
Short-term vehicle finance lease liabilities | $ | 82 |
Long-term vehicle finance lease liabilities | 117 |
Vehicle finance lease liabilities (c) | $ | 199 |
Weighted average remaining lease term | 1.8 years |
Weighted average discount rate | 1.40 | %
Operating |
Vehicle operating lease ROU assets (d) | $ | 147 |
Short-term vehicle operating lease liabilities | $ | 82 |
Long-term vehicle operating lease liabilities | 65 |
Vehicle operating lease liabilities (e) | $ | 147 |
Weighted average remaining lease term | 2.8 years |
Weighted average discount rate | 3.09 | %
Other leases |
Finance property and equipment lease ROU assets, gross | $ | 25 |
Accumulated amortization | (2 | )
Finance property and equipment lease ROU assets, net (f) | $ | 23 |
Short-term finance lease liabilities (g) | $ | 8 |
Long-term finance lease liabilities (h) | 15 |
Finance lease liabilities | $ | 23 |
Weighted average remaining lease term | 4.0 years |
Weighted average discount rate | 5.86 | %
_________
(a) | Included in Accounts payable and other current liabilities.
(b) | Included in Vehicles, net within Assets under vehicle programs.
(c) | Included in Debt within Liabilities under vehicle programs.
(d) | Included in Receivables from vehicle manufacturers and other within Assets under vehicle programs.
(e) | Included in Other within Liabilities under vehicle programs.
(f) | Included in Property and equipment, net.
(g) | Included in Short-term debt and current portion of long-term debt.
(h) | Included in Long-term debt.
Supplemental Cash Flow Information related to Leases [Table Text Block] | Supplemental cash flow information related to leases is as follows:
| Three Months Ended March 31, 2019
Cash payments for lease liabilities within operating activities: |
Property operating leases | $ | 189 |
Vehicle operating leases | 27 |
Vehicle finance leases | 1 |
Cash payments for lease liabilities within financing activities: |
Vehicle finance leases | 38 |
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities: |
Property operating leases (a) | (113 | )
Vehicle operating leases (a) | (8 | )
Vehicle finance leases | 35 |
_________
(a) | ROU assets obtained in exchange for lease liabilities from initial recognition.
Finance and Operating, Liability, Maturity [Table Text Block] | Maturities of lease liabilities as of March 31, 2019 are as follows:
| Property Operating leases |  | Vehicle Finance leases |  | Vehicle Operating leases |  | Other Finance leases
Within 1 year | $ | 615 |  |  | $ | 82 |  |  | $ | 87 |  |  | $ | 9 |
Between 1 and 2 years | 404 |  |  | 12 |  |  | 43 |  |  | 6 |
Between 2 and 3 years | 359 |  |  | 100 |  |  | 16 |  |  | 3 |
Between 3 and 4 years | 304 |  |  | 5 |  |  | 6 |  |  | 3 |
Between 4 and 5 years | 252 |  |  | — |  |  | — |  |  | 2 |
Thereafter | 1,220 |  |  | — |  |  | — |  |  | 3 |
Total lease payments | 3,154 |  |  | 199 |  |  | 152 |  |  | 26 |
Less: imputed interest | (634 | ) |  | — |  |  | (5 | ) |  | (3 | )
Total | $ | 2,520 |  |  | $ | 199 |  |  | $ | 147 |  |  | $ | 23 |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Future minimum lease payments required under noncancelable operating leases, including minimum concession fees charged by airport authorities, which in many locations are recoverable from vehicle rental customers, as of December 31, 2018, were as follows:
| Amount
2019 | $ | 835 |
2020 | 476 |
2021 | 345 |
2022 | 253 |
2023 | 162 |
Thereafter | 590 |
| $ | 2,661 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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