Leases (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents the Company’s lease revenues disaggregated by geography.



	Year Ended December 31, 2019
Americas	$	6,303
Europe, Middle East and Africa	2,141
Asia and Australasia	584
Total lease revenues	$	9,028

The following table presents the Company’s lease revenues disaggregated by brand.

________

Other includes Zipcar and other operating brands.

The components of lease expense are as follows:



	Year Ended December 31, 2019
Property leases ^(a)
Operating lease expense	$	722
Variable lease expense	274
Sublease income	(8		)
Total property lease expense	$	988

Vehicle leases
Finance lease expense:
Amortization of ROU assets ^(b)	$	42
Interest on lease liabilities ^(c)	4
Operating lease expense ^(b)	255
Total vehicle lease expense	$	301

__________


^(a)	Primarily included in operating expenses.


^(b)	Included in vehicle depreciation and lease charges, net.

^(c)

Included in vehicle interest, net.

Supplemental balance sheet information related to leases is as follows:



	As of December 31, 2019
Property leases
Operating lease ROU assets	$	2,596

Short-term operating lease liabilities ^(a)	$	479
Long-term operating lease liabilities	2,140
Operating lease liabilities	$	2,619

Weighted average remaining lease term	8.9 years
Weighted average discount rate	4.31		%

Vehicle leases
Finance
Finance lease ROU assets, gross	$	337
Accumulated amortization	(56		)
Finance lease ROU assets, net ^(b)	$	281

Short-term vehicle finance lease liabilities	$	95
Long-term vehicle finance lease liabilities	157
Vehicle finance lease liabilities^(c)	$	252

Weighted average remaining lease term	2.0 years
Weighted average discount rate	1.67		%

Operating
Vehicle operating lease ROU assets ^(d)	$	195

Short-term vehicle operating lease liabilities	$	124
Long-term vehicle operating lease liabilities	71
Vehicle operating lease liabilities ^(e)	$	195

Weighted average remaining lease term	1.8 years
Weighted average discount rate	3.08		%

Supplemental cash flow information related to leases is as follows:



	Year Ended December 31, 2019
Cash payments for lease liabilities within operating activities:
Property operating leases	$	733
Vehicle operating leases	248
Vehicle finance leases	4
Cash payments for lease liabilities within financing activities:
Vehicle finance leases	266
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities:
Property operating leases ^(a)	531
Vehicle operating leases ^(a)	262
Vehicle finance leases	304

_________

^(a)

ROU assets obtained in exchange for lease liabilities since initial recognition.

Maturities of lease liabilities as of December 31, 2019 are as follows: