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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 511 $ 555
Receivables, net 1,062 900
Other current assets 887 684
Total current assets 2,460 2,139
Property and equipment, net 704 719
Operating lease right-of-use assets 2,754 2,654
Deferred income taxes 1,715 1,868
Goodwill 1,087 1,099
Other intangibles, net 650 670
Other non-current assets 445 441
Total assets exclusive of assets under vehicle programs 9,815 9,590
Assets under vehicle programs:    
Program cash 68 85
Vehicles, net 22,474 21,240
Receivables from vehicle manufacturers and other 326 443
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 1,199 1,211
Total assets under vehicle programs 24,067 22,979
Total Assets 33,882 32,569
Current liabilities:    
Accounts payable and other current liabilities 2,838 2,627
Short-term debt and current portion of long-term debt 28 32
Total current liabilities 2,866 2,659
Long-term debt 5,233 4,791
Long-term operating lease liabilities 2,234 2,117
Other non-current liabilities 505 528
Total liabilities exclusive of liabilities under vehicle programs 10,838 10,095
Liabilities under vehicle programs:    
Debt 3,974 3,496
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 15,560 15,441
Deferred income taxes 3,231 3,418
Other 761 462
Total liabilities under vehicle programs 23,526 22,817
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding, in each period 0 0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, in each period 1 1
Additional paid-in capital 6,616 6,634
Retained earnings 3,751 3,854
Accumulated other comprehensive loss (135) (96)
Treasury stock, at cost—101 and 102 shares, respectively (10,723) (10,742)
Stockholders’ equity attributable to Avis Budget Group, Inc. (490) (349)
Non-controlling interests 8 6
Total stockholders’ equity (482) (343)
Total Liabilities and Stockholders’ Equity $ 33,882 $ 32,569