XML 15 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenues $ 2,551 $ 2,557 Close
Expenses    
Operating 1,344 1,307
Vehicle depreciation and lease charges, net 636 265
Selling, general and administrative 325 324
Vehicle interest, net 239 133
Non-vehicle related depreciation and amortization 61 56
Interest expense related to corporate debt, net 83 73
Restructuring and other related charges 3 4
Transaction-related costs, net 1 0
Other (income) expense, net 1 (2)
Total expenses 2,693 2,160 Close
Income (loss) before income taxes (142) 397 Close
Provision for (benefit from) income taxes (29) 85 Close
Net income (loss) (113) 312 Close
Less: net income attributable to non-controlling interests 1 0
Net income (loss) attributable to Avis Budget Group, Inc. (114) 312
Comprehensive income (loss) attributable to Avis Budget Group, Inc. $ (158) $ 302
Earnings (loss) per share    
Basic (in usd per share) $ (3.21) $ 7.88
Diluted (in usd per share) $ (3.21) $ 7.72