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Leases (Tables) | 6 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Schedule of Operating Lease, Lease Income | The following table presents our lease revenues disaggregated by geography:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Americas | $ | 2,330 |  |  | $ | 2,410 |  |  | $ | 4,304 |  |  | $ | 4,405 |
Europe, Middle East and Africa | 524 |  |  | 523 |  |  | 888 |  |  | 872 |
Asia and Australasia | 140 |  |  | 148 |  |  | 311 |  |  | 317 |
Total lease revenues | $ | 2,994 |  |  | $ | 3,081 |  |  | $ | 5,503 |  |  | $ | 5,594 |
The following table presents our lease revenues disaggregated by brand:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Avis | $ | 1,710 |  |  | $ | 1,721 |  |  | $ | 3,144 |  |  | $ | 3,109 |
Budget | 1,105 |  |  | 1,168 |  |  | 2,014 |  |  | 2,132 |
Other | 179 |  |  | 192 |  |  | 345 |  |  | 353 |
Total lease revenues | $ | 2,994 |  |  | $ | 3,081 |  |  | $ | 5,503 |  |  | $ | 5,594 |
________ 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 June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Property leases (a) |  |  |  |  |  |  |
Operating lease expense | $ | 233 |  |  | $ | 214 |  |  | $ | 462 |  |  | $ | 419 |
Variable lease expense | 93 |  |  | 108 |  |  | 162 |  |  | 191 |
Total property lease expense | $ | 326 |  |  | $ | 322 |  |  | $ | 624 |  |  | $ | 610 |
________ (a) Primarily within operating expenses. Supplemental cash flow information related to leases is as follows:
| Six Months Ended June 30,
| 2024 |  | 2023
Cash payments for lease liabilities within operating activities: |  |  |
Property operating leases | $ | 452 |  |  | $ | 431 |
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities: |  |  |
Property operating leases | $ | 572 |  |  | $ | 572 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases is as follows:
| As of June 30, 2024 |  | As of December 31, 2023
Property leases |  |  |
Operating lease ROU assets | $ | 2,754 |  | $ | 2,654
Short-term operating lease liabilities (a) | $ | 567 |  | $ | 576
Long-term operating lease liabilities | 2,234 |  | 2,117
Operating lease liabilities | $ | 2,801 |  | $ | 2,693
Weighted average remaining lease term | 7.8 years |  | 8.1 years
Weighted average discount rate | 4.92 | % |  | 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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