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Leases (Tables) | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Schedule of Operating Lease, Lease Income | The following table presents our lease revenues disaggregated by geography:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Americas |  |  |  |  | $ | 1,974 |  |  | $ | 1,995 |
Europe, Middle East and Africa |  |  |  |  | 364 |  |  | 349 |
Asia and Australasia |  |  |  |  | 171 |  |  | 169 |
Total lease revenues |  |  |  |  | $ | 2,509 |  |  | $ | 2,513 |
The following table presents our lease revenues disaggregated by brand:
|  |  | Three Months Ended March 31, |
|  |  |  |  | 2024 |  | 2023 |
Avis |  |  |  |  | $ | 1,434 |  |  | $ | 1,388 |  |
Budget |  |  |  |  | 909 |  |  | 964 |  |
Other |  |  |  |  | 166 |  |  | 161 |  |
Total lease revenues |  |  |  |  | $ | 2,509 |  |  | $ | 2,513 |  |
________ Other includes Zipcar and other operating brands.
Schedule of the Components of Lease Expense | The components of lease expense are as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Property leases (a) |  |  |  |  |  |  |
Operating lease expense |  |  |  |  | $ | 229 |  |  | $ | 205 |
Variable lease expense |  |  |  |  | 69 |  |  | 83 |
Total property lease expense |  |  |  |  | $ | 298 |  |  | $ | 288 |
________ (a) Primarily within operating expenses. Supplemental cash flow information related to leases is as follows:
| Three Months Ended March 31,
| 2024 |  | 2023
Cash payments for lease liabilities within operating activities: |  |  |
Property operating leases | $ | 266 |  |  | $ | 210 |
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities: |  |  |
Property operating leases | $ | 380 |  |  | $ | 154 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases is as follows:
| As of March 31, 2024 |  | As of December 31, 2023
Property leases |  |  |
Operating lease ROU assets | $ | 2,750 |  | $ | 2,654
Short-term operating lease liabilities (a) | $ | 558 |  | $ | 576
Long-term operating lease liabilities | 2,234 |  | 2,117
Operating lease liabilities | $ | 2,792 |  | $ | 2,693
Weighted average remaining lease term | 8.0 years |  | 8.1 years
Weighted average discount rate | 4.88 | % |  | 4.83 | %
________ (a) Included in accounts payable and other current liabilities.

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A + Details
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