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Leases (Tables)
6 Months Ended
Jun. 30, 2022
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,
2022202120222021
Americas$2,549 $1,972 $4,534 $3,026 
Europe, Middle East and Africa505 268 814 460 
Asia and Australasia148 112 252 198 
Total lease revenues$3,202 $2,352 $5,600 $3,684 
The following table presents our lease revenues disaggregated by brand:
Three Months Ended
 June 30,
Six Months Ended 
June 30,
2022202120222021
Avis$1,728 $1,201 $2,989 $1,891 
Budget1,270 975 2,242 1,491 
Other204 176 369 302 
Total lease revenues$3,202 $2,352 $5,600 $3,684 
_______
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,
2022202120222021
Property leases (a)
Operating lease expense$168 $134 $329 $273 
Variable lease expense152 112 254 166 
Total property lease expense$320 $246 $583 $439 
__________
(a)    Primarily within operating expense and includes $(2) million and $(3) million for the three months ended June 30, 2022 and 2021, respectively, and $(9) million and $16 million for the six months ended June 30, 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:
Six Months Ended 
June 30,
20222021
Cash payments for lease liabilities within operating activities:
Property operating leases$354 $407 
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities:
Property operating leases$311 $269 
Schedule of Supplemental Balance Sheet Information related to Leases
Supplemental balance sheet information related to leases is as follows:
As of 
June 30, 2022
As of 
December 31, 2021
Property leases
Operating lease ROU assets$2,293 $2,368 
Short-term operating lease liabilities (a)
$487 $496 
Long-term operating lease liabilities1,843 1,910 
Operating lease liabilities$2,330 $2,406 
Weighted average remaining lease term8.6 years8.8 years
Weighted average discount rate3.88 %3.84 %
_________
(a)    Included in Accounts payable and other current liabilities.