XML 36 R27.htm IDEA: XBRL DOCUMENT
v3.22.1

Leases (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Leases [Abstract] |
Operating Lease, Lease Income | The following table presents our lease revenues disaggregated by geography:
| Three Months Ended March 31,
| 2022 |  | 2021
Americas | $ | 1,985 |  |  | $ | 1,054 |
Europe, Middle East and Africa | 309 |  |  | 192 |
Asia and Australasia | 104 |  |  | 86 |
Total lease revenues | $ | 2,398 |  |  | $ | 1,332 |
The following table presents our lease revenues disaggregated by brand:
| Three Months Ended March 31,
| 2022 |  | 2021
Avis | $ | 1,261 |  |  | $ | 690 |
Budget | 972 |  |  | 516 |
Other | 165 |  |  | 126 |
Total lease revenues | $ | 2,398 |  |  | $ | 1,332 |
_______ Other includes Zipcar and other operating brands.
The Components of Lease Expense | The components of lease expense are as follows:
| Three Months Ended March 31,
| 2022 |  | 2021
Property leases (a) |  |  |
Operating lease expense | $ | 161 |  |  | $ | 139 |
Variable lease expense | 102 |  |  | 54 |
Total property lease expense | $ | 263 |  |  | $ | 193 |
__________ (a) Primarily within operating expense and incl udes $(7) million and $19 million for the three months ended March 31, 2022 and 2021, respectively, of minimum annual guaranteed rent in excess of concession fees, net, as defined in our rental concession agreements. Supplemental cash flow information related to leases is as follows:
| Three Months Ended March 31,
| 2022 |  | 2021
Cash payments for lease liabilities within operating activities: |  |  |
Property operating leases | $ | 164 |  |  | $ | 202 |
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities: |  |  |
Property operating leases | $ | 213 |  |  | $ | 169 |
Supplemental Balance Sheet Information related to Leases | Supplemental balance sheet information related to leases is as follows:
| As of March 31, 2022 |  | As of December 31, 2021
Property leases |  |  |
Operating lease ROU assets | $ | 2,417 |  |  | $ | 2,368 |
Short-term operating lease liabilities (a) | $ | 536 |  |  | $ | 496 |
Long-term operating lease liabilities | 1,918 |  |  | 1,910 |
Operating lease liabilities | $ | 2,454 |  |  | $ | 2,406 |
Weighted average remaining lease term | 8.6 years |  | 8.8 years
Weighted average discount rate | 3.81 | % |  | 3.84 | %
_________ (a) Included in Accounts payable and other current liabilities.

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | car_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | car_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration