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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Operating Lease, Lease Income
The following table presents our lease revenues disaggregated by geography:
Three Months Ended 
March 31,
20242023
Americas$1,974 $1,995 
Europe, Middle East and Africa364 349 
Asia and Australasia171 169 
Total lease revenues$2,509 $2,513 

The following table presents our lease revenues disaggregated by brand:
Three Months Ended 
March 31,
20242023
Avis$1,434 $1,388 
Budget909 964 
Other166 161 
Total lease revenues$2,509 $2,513 
________
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,
20242023
Property leases (a)
Operating lease expense$229 $205 
Variable lease expense69 83 
Total property lease expense$298 $288 
________
(a)    Primarily within operating expenses.
Supplemental cash flow information related to leases is as follows:
Three Months Ended 
March 31,
20242023
Cash payments for lease liabilities within operating activities:
Property operating leases$266 $210 
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities:
Property operating leases$380 $154 
Schedule of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases is as follows:
As of 
March 31, 2024
As of 
December 31, 2023
Property leases
Operating lease ROU assets$2,750$2,654
Short-term operating lease liabilities (a)
$558$576
Long-term operating lease liabilities2,2342,117
Operating lease liabilities$2,792$2,693
Weighted average remaining lease term8.0 years8.1 years
Weighted average discount rate4.88 %4.83 %
________
(a)    Included in accounts payable and other current liabilities.