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Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Operating Lease, Lease Income
The following table presents our lease revenues disaggregated by geography:
Three Months Ended 
March 31,
20222021
Americas$1,985 $1,054 
Europe, Middle East and Africa309 192 
Asia and Australasia104 86 
Total lease revenues$2,398 $1,332 
The following table presents our lease revenues disaggregated by brand:
Three Months Ended 
March 31,
20222021
Avis$1,261 $690 
Budget972 516 
Other165 126 
Total lease revenues$2,398 $1,332 
_______
Other includes Zipcar and other operating brands.
The Components of Lease Expense
The components of lease expense are as follows:
Three Months Ended 
March 31,
20222021
Property leases (a)
Operating lease expense$161 $139 
Variable lease expense102 54 
Total property lease expense$263 $193 
__________
(a)    Primarily within operating expense and includes $(7) million and $19 million for the three months ended March 31, 2022 and 2021, respectively, of minimum annual guaranteed rent in excess of concession fees, net, as defined in our rental concession agreements.
Supplemental cash flow information related to leases is as follows:
Three Months Ended 
March 31,
20222021
Cash payments for lease liabilities within operating activities:
Property operating leases$164 $202 
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities:
Property operating leases$213 $169 
Supplemental Balance Sheet Information related to Leases
Supplemental balance sheet information related to leases is as follows:
As of 
March 31, 2022		As of 
December 31, 2021
Property leases
Operating lease ROU assets$2,417 $2,368 
Short-term operating lease liabilities (a)
$536 $496 
Long-term operating lease liabilities1,918 1,910 
Operating lease liabilities$2,454 $2,406 
Weighted average remaining lease term8.6 years8.8 years
Weighted average discount rate3.81 %3.84 %
_________
(a)    Included in Accounts payable and other current liabilities.