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Leases (Tables) | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Schedule of Operating Lease, Lease Income | The following table presents our lease revenues disaggregated by geography:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Americas | $ | 2,587 |  |  | $ | 2,715 |  |  | $ | 6,891 |  |  | $ | 7,120 |
Europe, Middle East and Africa | 660 |  |  | 646 |  |  | 1,548 |  |  | 1,518 |
Asia and Australasia | 145 |  |  | 150 |  |  | 456 |  |  | 467 |
Total lease revenues | $ | 3,392 |  |  | $ | 3,511 |  |  | $ | 8,895 |  |  | $ | 9,105 |
The following table presents our lease revenues disaggregated by brand:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Avis | $ | 1,953 |  |  | $ | 2,011 |  |  | $ | 5,097 |  |  | $ | 5,120 |
Budget | 1,247 |  |  | 1,298 |  |  | 3,261 |  |  | 3,430 |
Other (a) | 192 |  |  | 202 |  |  | 537 |  |  | 555 |
Total lease revenues | $ | 3,392 |  |  | $ | 3,511 |  |  | $ | 8,895 |  |  | $ | 9,105 |
________ (a) 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 September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Property leases (a) |  |  |  |  |  |  |
Operating lease expense | $ | 229 |  |  | $ | 212 |  |  | $ | 691 |  |  | $ | 631 |
Variable lease expense | 117 |  |  | 136 |  |  | 279 |  |  | 327 |
Total property lease expense | $ | 346 |  |  | $ | 348 |  |  | $ | 970 |  |  | $ | 958 |
________ (a) Primarily within operating expenses. Supplemental cash flow information related to leases is as follows:
| Nine Months Ended September 30,
| 2024 |  | 2023
Cash payments for lease liabilities within operating activities: |  |  |
Property operating leases | $ | 710 |  |  | $ | 645 |
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities: |  |  |
Property operating leases | $ | 945 |  |  | $ | 914 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases is as follows:
| As of September 30, 2024 |  | As of December 31, 2023
Property leases |  |  |
Operating lease ROU assets | $ | 2,886 |  | $ | 2,654
Short-term operating lease liabilities (a) | $ | 583 |  | $ | 576
Long-term operating lease liabilities | 2,351 |  | 2,117
Operating lease liabilities | $ | 2,934 |  | $ | 2,693
Weighted average remaining lease term | 7.9 years |  | 8.1 years
Weighted average discount rate | 5.01 | % |  | 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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