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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenues $ 3,048 $ 3,123 $ 5,599 $ 5,680 Close
Reported within operating expenses:        
Operating 1,532 1,475 2,876 2,782
Vehicle depreciation and lease charges, net 733 375 1,369 640
Selling, general and administrative 348 378 673 702
Vehicle interest, net 244 172 483 305
Non-vehicle related depreciation and amortization 58 52 119 108
Interest expense related to corporate debt, net:        
Interest expense 88 68 171 141
Early extinguishment of debt costs 1 0 1 0
Restructuring and other related charges 14 1 17 5
Transaction-related costs, net 1 0 2 0
Other (income) expense, net 2 4 3 2
Total expenses 3,021 2,525 5,714 4,685 Close
Income (loss) before income taxes 27 598 (115) 995 Close
Provision for (benefit from) income taxes 12 162 (17) 247 Close
Net income (loss) 15 436 (98) 748 Close
Less: net income attributable to non-controlling interests 1 1 2 1
Net income (loss) attributable to Avis Budget Group, Inc. 14 435 (100) 747
Comprehensive income (loss) attributable to Avis Budget Group, Inc. $ 19 $ 456 $ (139) $ 758
Earnings (loss) per share        
Basic (in usd per share) $ 0.41 $ 11.13 $ (2.80) $ 19.16
Diluted (in usd per share) $ 0.41 $ 11.01 $ (2.80) $ 18.93