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Debt under Vehicle Programs and Borrowing Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | Debt under vehicle programs, including related party debt due to Avis Budget Rental Car Funding (AESOP) LLC (“Avis Budget Rental Car Funding”), consisted of:
| As of December 31,
| 2022 |  | 2021
Americas – Debt due to Avis Budget Rental Car Funding (a) | $ | 11,322 |  |  | $ | 8,889 |
Americas – Debt borrowings | 598 |  |  | 612 |
International – Debt borrowings | 1,700 |  |  | 1,757 |
International – Finance leases | 176 |  |  | 177 |
Other | 65 |  |  | 3 |
Deferred financing fees (b) | (52) |  |  | (48) |
Total | $ | 13,809 |  |  | $ | 11,390 |
__________ (a)Increase reflects additional borrowings principally to fund increases in our rental fleet. (b)Deferred financing fees related to Debt due to Avis Budget Rental Car Funding as of December 31, 2022 and 2021 were $47 million and $41 million, respectively.
Schedule of Maturities of Long-term Debt | The following table provides contractual maturities of our corporate debt at December 31, 2022:
Year | Amount
2023 | $ | 27 |
2024 | 346 |
2025 | 291 |
2026 | 396 |
2027 | 1,867 |
Thereafter | 1,788 |
| $ | 4,715 |
The following table provides the contractual maturities of our debt under vehicle programs, including related party debt due to Avis Budget Rental Car Funding, at December 31, 2022:
| Debt under Vehicle Programs (a)
2023 (b) | $ | 2,235 |
2024 (c) | 5,485 |
2025 | 2,351 |
2026 | 2,124 |
2027 | 1,238 |
Thereafter | 428 |
| $ | 13,861 |
__________ (a) Vehicle-backed debt primarily represents asset-backed securities. (b) Includes $0.4 billion of bank and bank-sponsored facilities. (c) Includes $2.4 billion of bank and bank-sponsored facilities.
Schedule of Line of Credit Facilities | At December 31, 2022, the committed corporate credit facilities available to us and/or our subsidiaries were as follows:
| Total Capacity |  | Outstanding Borrowings |  | Letters of Credit Issued |  | Available Capacity
Senior revolving credit facility maturing 2026 (a) | $ | 2,000 |  |  | $ | — |  |  | $ | 966 |  |  | $ | 1,034 |
__________ (a)The senior revolving credit facility bears interest at one-month LIBOR plus 175 basis points and is part of our senior credit facilities, which include the floating rate term loan and the senior revolving credit facility, and which are secured by pledges of capital stock of certain of our subsidiaries, and liens on substantially all of our intellectual property and certain other real and personal property. The following table presents available funding under our debt arrangements related to our vehicle programs, including related party debt due to Avis Budget Rental Car Funding, at December 31, 2022:
| Total Capacity (a) |  | Outstanding Borrowings (b) |  | Available Capacity
Americas – Debt due to Avis Budget Rental Car Funding | $ | 11,921 |  |  | $ | 11,322 |  |  | $ | 599 |
Americas – Debt borrowings | 970 |  |  | 598 |  |  | 372 |
International – Debt borrowings | 2,628 |  |  | 1,700 |  |  | 928 |
International – Finance leases | 208 |  |  | 176 |  |  | 32 |
Other | 65 |  |  | 65 |  |  | — |
Total | $ | 15,792 |  |  | $ | 13,861 |  |  | $ | 1,931 |
__________ (a)Capacity is subject to maintaining sufficient assets to collateralize debt. (b)The outstanding debt is collateralized by vehicles and related assets of $13.0 billion for Americas - Debt due to Avis Budget Rental Car Funding; $1.0 billion for Americas - Debt borrowings; $2.6 billion for International - Debt borrowings; and $0.2 billion for International - Finance leases.

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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