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Leases (Notes) | 3 Months Ended
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Mar. 31, 2020
Leases [Abstract] |
Leases [Text Block] | Leases The following table presents the Company’s lease revenues disaggregated by geography.
| Three Months Ended March 31,
| 2020 |  | 2019
Americas | $ | 1,244 |  |  | $ | 1,319 |
Europe, Middle East and Africa | 342 |  |  | 414 |
Asia and Australasia | 135 |  |  | 157 |
Total lease revenues | $ | 1,721 |  |  | $ | 1,890 |
The following table presents the Company’s lease revenues disaggregated by brand.
| Three Months Ended March 31,
| 2020 |  | 2019
Avis | $ | 968 |  |  | $ | 1,083 |
Budget | 608 |  |  | 640 |
Other | 145 |  |  | 167 |
Total lease revenues | $ | 1,721 |  |  | $ | 1,890 |
________ Other includes Zipcar and other operating brands. Lessee The Company has operating and finance leases for rental locations, corporate offices, vehicle rental fleet and equipment. Many of the Company’s operating leases for rental locations contain concession agreements with various airport authorities that allow the Company to conduct its vehicle rental operations on site. In general, concession fees for airport locations are based on a percentage of total commissionable revenue as defined by each airport authority, some of which are subject to minimum annual guaranteed amounts. Concession fees other than minimum annual guaranteed amounts are not included in the measurement of operating lease ROU assets and operating lease liabilities, and are recorded as variable lease expense as incurred. The Company’s operating leases for rental locations often also require the Company to pay or reimburse operating expenses. The components of lease expense are as follows:
| Three Months Ended March 31,
| 2020 |  | 2019
Property leases (a) |  |  |
Operating lease expense | $ | 185 |  |  | $ | 177 |
Variable lease expense | 36 |  |  | 51 |
Total property lease expense | $ | 221 |  |  | $ | 228 |
__________
(a) | Primarily included in operating expense.
Supplemental balance sheet information related to leases is as follows:
| As of March 31, 2020 |  | As of December 31, 2019
Property leases |  |  |
Operating lease ROU assets | $ | 2,686 |  |  | $ | 2,596 |
Short-term operating lease liabilities (a) | $ | 512 |  |  | $ | 479 |
Long-term operating lease liabilities | 2,198 |  |  | 2,140 |
Operating lease liabilities | $ | 2,710 |  |  | $ | 2,619 |
Weighted average remaining lease term | 9.0 years |  |  | 8.9 years |
Weighted average discount rate | 4.23 | % |  | 4.31 | %
_________
(a) | Included in Accounts payable and other current liabilities.
Supplemental cash flow information related to leases is as follows:
| Three Months Ended March 31,
| 2020 |  | 2019
Cash payments for lease liabilities within operating activities: |  |  |
Property operating leases | $ | 170 |  |  | $ | 189 |
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities: |  |  |
Property operating leases (a) | 296 |  |  | (113 | )
_________ (a) For the three months ended March 31, 2019, ROU assets obtained in exchange for lease liabilities from initial recognition.

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- Definition An entity that enters into a contract to obtain or provide the right to use an underlying asset for a period of time in exchange for consideration. + References No definition available. + Details
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- References No definition available. + Details
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