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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 572 $ 570
Receivables, net 918 810
Other current assets 736 506
Total current assets 2,226 1,886
Property and equipment, net 647 594
Operating lease right-of-use assets 2,661 2,405
Deferred income taxes 1,472 1,379
Goodwill 1,081 1,070
Other intangibles, net 658 666
Other non-current assets 475 499
Total assets exclusive of assets under vehicle programs 9,220 8,499
Assets under vehicle programs:    
Program cash 146 70
Vehicles, net 21,247 15,961
Receivables from vehicle manufacturers and other 519 421
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 1,172 976
Total assets under vehicle programs 23,084 17,428
Total Assets 32,304 25,927
Current liabilities:    
Accounts payable and other current liabilities 2,733 2,547
Short-term debt and current portion of long-term debt 30 27
Total current liabilities 2,763 2,574
Long-term debt 4,736 4,644
Long-term operating lease liabilities 2,178 1,884
Other non-current liabilities 520 554
Total liabilities exclusive of liabilities under vehicle programs 10,197 9,656
Liabilities under vehicle programs:    
Debt 3,538 2,534
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 15,115 11,275
Deferred income taxes 3,092 2,754
Other 390 408
Total liabilities under vehicle programs 22,135 16,971
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding, respectively 0 0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, respectively 1 1
Additional paid-in capital 6,626 6,666
Retained earnings 3,952 2,579
Accumulated other comprehensive loss (130) (101)
Treasury stock, at cost—100 and 98 shares, respectively (10,482) (9,848)
Stockholders’ equity attributable to Avis Budget Group, Inc. (33) (703)
Non-controlling interests 5 3
Total stockholders’ equity (28) (700)
Total Liabilities and Stockholders’ Equity $ 32,304 $ 25,927