XML 27 R16.htm IDEA: XBRL DOCUMENT

Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases

The following table presents the Company’s lease revenues disaggregated by geography.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Americas	$	1,099	$	1,856	$	2,896	$	4,792
Europe, Middle East and Africa	350		717		843		1,684
Asia and Australasia	55		140		224		431
Total lease revenues	$	1,504	$	2,713	$	3,963	$	6,907

The following table presents the Company’s lease revenues disaggregated by brand.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Avis	$	824	$	1,559	$	2,181	$	3,953
Budget	532		935		1,401		2,379
Other	148		219		381		575
Total lease revenues	$	1,504	$	2,713	$	3,963	$	6,907

_______

Other includes Zipcar and other operating brands.

Supplemental balance sheet information related to leases is as follows:


	As of September 30, 2020			As of December 31, 2019
Property leases
Operating lease ROU assets	$	2,642		$	2,596

Short-term operating lease liabilities (a)	$	501		$	479
Long-term operating lease liabilities	2,166			2,140
Operating lease liabilities	$	2,667		$	2,619

Weighted average remaining lease term	8.7 years			8.9 years
Weighted average discount rate	4.01		%	4.31		%

_________

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

Supplemental cash flow information related to leases is as follows:


	Nine Months Ended September 30,
	2020		2019
Cash payments for lease liabilities within operating activities:
Property operating leases	$	554	$	564
Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities:
Property operating leases (a)	588		149

_________

(a)For the nine months ended September 2019, ROU assets obtained in exchange for lease liabilities from initial recognition.