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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Revenues $ 3,564 $ 3,547 $ 9,244 $ 9,223 Close
Expenses        
Operating 1,543 1,464 4,325 3,960
Vehicle depreciation and lease charges, net 517 134 1,157 479
Selling, general and administrative 397 384 1,099 1,026
Vehicle interest, net 208 107 513 281
Non-vehicle related depreciation and amortization 55 59 163 168
Interest expense related to corporate debt, net:        
Interest expense 80 64 221 181
Early extinguishment of debt 1 0 1 0
Restructuring and other related charges 2 2 7 16
Transaction-related costs, net 3 0 3 1
Other (income) expense, net 1 (9) 3 (9)
Total expenses 2,807 2,205 7,492 6,103 Close
Income before income taxes 757 1,342 1,752 3,120 Close
Provision for income taxes 130 311 377 788 Close
Net income 627 1,031 1,375 2,332 Close
Less: net income (loss) attributable to non-controlling interests 1 (3) 2 (9)
Net income attributable to Avis Budget Group, Inc. 626 1,034 1,373 2,341
Comprehensive income attributable to Avis Budget Group, Inc. $ 586 $ 979 $ 1,344 $ 2,289
Earnings per share        
Basic (in usd per share) $ 16.96 $ 22.08 $ 35.11 $ 47.34
Diluted (in usd per share) $ 16.78 $ 21.67 $ 34.71 $ 46.32