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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents our revenues disaggregated by geography:
Year Ended December 31,
 202420232022
Americas$9,111 $9,347 $9,474 
Europe, Middle East and Africa2,045 2,014 1,927 
Asia and Australasia633 647 593 
Total revenues$11,789 $12,008 $11,994 

The following table presents our revenues disaggregated by brand:
Year Ended December 31,
 202420232022
Avis$6,775 $6,779 $6,519 
Budget4,271 4,478 4,701 
Other (a)
743 751 774 
Total revenues$11,789 $12,008 $11,994 
________
(a)Other includes Zipcar and other operating brands.
Schedule of Changes in Deferred Revenue
The following table presents changes in deferred revenue associated with our customer loyalty program:
Year Ended December 31,
20242023
Balance, January 1$67 $61 
Revenue deferred61 58 
Revenue recognized(78)(52)
Balance, December 31 (a)
$50 $67 
_______
(a)At December 31, 2024 and 2023, $27 million and $20 million was included in accounts payable and other current liabilities, respectively, and $23 million and $47 million in other non-current liabilities, respectively. Non-current amounts are expected to be recognized as revenue within two to three years.
Schedule of Cash and Cash Equivalents The following table provides a detail of cash and cash equivalents, program and restricted cash reported within the Consolidated Balance Sheets to the amounts shown in the Consolidated Statements of Cash Flows: 
As of December 31,
20242023
Cash and cash equivalents$534 $555 
Program cash60 85 
Restricted cash (a)
3 4 
Total cash and cash equivalents, program and restricted cash$597 $644 
_________
(a)Included within other current assets.
Schedule of Restrictions on Cash and Cash Equivalents The following table provides a detail of cash and cash equivalents, program and restricted cash reported within the Consolidated Balance Sheets to the amounts shown in the Consolidated Statements of Cash Flows: 
As of December 31,
20242023
Cash and cash equivalents$534 $555 
Program cash60 85 
Restricted cash (a)
3 4 
Total cash and cash equivalents, program and restricted cash$597 $644 
_________
(a)Included within other current assets.
Schedule of Property and Equipment, Net Useful lives are as follows:
Buildings30 years
Furniture, fixtures & equipment
3 to 10 years
Capitalized software
3 to 7 years
Buses and support vehicles
4 to 15 years
The components of vehicles, net within assets under vehicle programs are as follows: 
As of December 31,
20242023
Rental vehicles (a)
$20,094 $23,114 
Less: Accumulated depreciation(3,143)(2,639)
16,951 20,475 
Vehicles held for sale (a)
594 734 
Vehicles, net investment in lease (b)
74 31 
Vehicles, net$17,619 $21,240 
_________
(a)    For the year ended December 31, 2024, reflects long-lived asset impairment and other related charges, which reduced the carrying value of our rental vehicles and vehicles held for sale to fair value. See Note 2 – Summary of Significant Accounting Policies.
(b)    See Note 17 – Related Party Transactions.
The components of vehicle depreciation and lease charges, net are summarized below:
Year Ended December 31,
202420232022
Depreciation expense$2,658 $2,228 $1,709 
Lease charges151 167 138 
(Gain) loss on sale of vehicles, net167 (656)(1,019)
Vehicle depreciation and lease charges, net$2,976 $1,739 $828 
Property and equipment, net consisted of:
As of December 31,
20242023
Land$61 $61 
Buildings and leasehold improvements616 574 
Capitalized software981 957 
Furniture, fixtures and equipment484 440 
Projects in process92 154 
Buses and support vehicles94 94 
2,328 2,280 
Less: Accumulated depreciation and amortization(1,631)(1,561)
Property and equipment, net$697 $719