Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Operating Lease, Lease Income

The following table presents our lease revenues disaggregated by geography:

	Three Months Ended  March 31,
	2023		2022
Americas	$	1,995	$	1,985
Europe, Middle East and Africa	349		309
Asia and Australasia	169		104
Total lease revenues	$	2,513	$	2,398

The following table presents our lease revenues disaggregated by brand:

	Three Months Ended  March 31,
	2023		2022
Avis	$	1,388	$	1,261
Budget	964		972
Other	161		165
Total lease revenues	$	2,513	$	2,398

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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  March 31,
	2023		2022
Property leases (a)
Operating lease expense	$	205	$	161
Variable lease expense	83		102
Total property lease expense	$	288	$	263

__________

(a)    Primarily within operating expenses.

Supplemental cash flow information related to leases is as follows:

	Three Months Ended  March 31,
	2023		2022
Cash payments for lease liabilities within operating activities:
Property operating leases	$	210	$	164
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities:
Property operating leases	$	154	$	213

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

	As of  March 31, 2023			As of  December 31, 2022
Property leases
Operating lease ROU assets	$	2,350		$	2,405
Short-term operating lease liabilities (a)	$	533		$	555
Long-term operating lease liabilities	1,852			1,884
Operating lease liabilities	$	2,385		$	2,439
Weighted average remaining lease term	8.2 years			8.2 years
Weighted average discount rate	4.39		%	4.30		%

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(a)    Included in accounts payable and other current liabilities.