XML 39 R29.htm IDEA: XBRL DOCUMENT v3.24.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Operating Lease, Lease Income
The following table presents our lease revenues disaggregated by geography:
Three Months Ended 
September 30,		Nine Months Ended 
September 30,
2024202320242023
Americas$2,587 $2,715 $6,891 $7,120 
Europe, Middle East and Africa660 646 1,548 1,518 
Asia and Australasia145 150 456 467 
Total lease revenues$3,392 $3,511 $8,895 $9,105 

The following table presents our lease revenues disaggregated by brand:
Three Months Ended 
September 30,		Nine Months Ended 
September 30,
2024202320242023
Avis$1,953 $2,011 $5,097 $5,120 
Budget1,247 1,298 3,261 3,430 
Other (a)
192 202 537 555 
Total lease revenues$3,392 $3,511 $8,895 $9,105 
________
(a)    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 
September 30,		Nine Months Ended 
September 30,
2024202320242023
Property leases (a)
Operating lease expense$229 $212 $691 $631 
Variable lease expense117 136 279 327 
Total property lease expense$346 $348 $970 $958 
________
(a)    Primarily within operating expenses.
Supplemental cash flow information related to leases is as follows:
Nine Months Ended 
September 30,
20242023
Cash payments for lease liabilities within operating activities:
Property operating leases$710 $645 
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities:
Property operating leases$945 $914 
Schedule of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases is as follows:
As of 
September 30, 2024		As of 
December 31, 2023
Property leases
Operating lease ROU assets$2,886$2,654
Short-term operating lease liabilities (a)
$583$576
Long-term operating lease liabilities2,3512,117
Operating lease liabilities$2,934$2,693
Weighted average remaining lease term7.9 years8.1 years
Weighted average discount rate5.01 %4.83 %
________
(a)    Included in accounts payable and other current liabilities.