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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents our revenues disaggregated by geography:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Americas | $ | 7,557 |  |  | $ | 3,965 |  |  | $ | 6,352 |
Europe, Middle East and Africa | 1,400 |  |  | 1,127 |  |  | 2,222 |
Asia and Australasia | 356 |  |  | 310 |  |  | 598 |
Total revenues | $ | 9,313 |  |  | $ | 5,402 |  |  | $ | 9,172 |
The following table presents our revenues disaggregated by brand:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Avis | $ | 4,894 |  |  | $ | 2,961 |  |  | $ | 5,250 |
Budget | 3,715 |  |  | 1,908 |  |  | 3,179 |
Other | 704 |  |  | 533 |  |  | 743 |
Total revenues | $ | 9,313 |  |  | $ | 5,402 |  |  | $ | 9,172 |
________ Other includes Zipcar and other operating brands.
Changes in Deferred Revenue | The following table presents changes in deferred revenue associated with our customer loyalty program:
| Year Ended December 31,
| 2021 |  | 2020
Balance, January 1 | $ | 34 |  |  | $ | 59 |
Revenue deferred | 49 |  |  | 26 |
Revenue recognized | (33) |  |  | (51) |
Balance, December 31 | $ | 50 |  |  | $ | 34 |
_______ At December 31, 2021 and 2020, $33 million and $17 million was included in accounts payable and other current liabilities, respectively, and $17 million and $17 million, respectively, in other non-current liabilities. Non-current amounts are expected to be recognized as revenue within two to three years.
Schedule of Cash and Cash Equivalents | The following table provides a detail of cash and cash equivalents, program and restricted cash reported within the Consolidated Balance Sheets to the amounts shown in the Consolidated Statements of Cash Flows:
| As of December 31,
| 2021 |  | 2020
Cash and cash equivalents | $ | 534 |  |  | $ | 692 |
Program cash | 89 |  |  | 72 |
Restricted cash (a) | 3 |  |  | 1 |
Total cash and cash equivalents, program and restricted cash | $ | 626 |  |  | $ | 765 |
_________ (a)Included within other current assets.
Restrictions on Cash and Cash Equivalents | The following table provides a detail of cash and cash equivalents, program and restricted cash reported within the Consolidated Balance Sheets to the amounts shown in the Consolidated Statements of Cash Flows:
| As of December 31,
| 2021 |  | 2020
Cash and cash equivalents | $ | 534 |  |  | $ | 692 |
Program cash | 89 |  |  | 72 |
Restricted cash (a) | 3 |  |  | 1 |
Total cash and cash equivalents, program and restricted cash | $ | 626 |  |  | $ | 765 |
_________ (a)Included within other current assets.
Schedule of Property and Equipment, Net | Useful lives are as follows:
Buildings | 30 years
Furniture, fixtures & equipment | 3 to 10 years
Capitalized software | 3 to 7 years
Buses and support vehicles | 4 to 15 years
Property and equipment, net consisted of:
| As of December 31,
| 2021 |  | 2020
Land | $ | 50 |  |  | $ | 49 |
Buildings and leasehold improvements | 525 |  |  | 592 |
Capitalized software | 932 |  |  | 918 |
Furniture, fixtures and equipment | 426 |  |  | 417 |
Projects in process | 84 |  |  | 60 |
Buses and support vehicles | 80 |  |  | 86 |
| 2,097 |  |  | 2,122 |
Less: Accumulated depreciation and amortization | (1,560) |  |  | (1,465) |
Property and equipment, net | $ | 537 |  |  | $ | 657 |

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