XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.3Close
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Revenues $ 3,480 $ 3,564 $ 9,079 $ 9,244 Close
Expenses        
Operating 1,575 1,543 4,451 4,325
Vehicle depreciation and lease charges, net 806 517 2,175 1,157
Selling, general and administrative 367 397 1,040 1,099
Vehicle interest, net 241 208 724 513
Non-vehicle related depreciation and amortization 58 55 177 163
Interest expense related to corporate debt, net:        
Interest expense 95 80 266 221
Early extinguishment of debt costs 0 1 1 1
Restructuring and other related charges 6 2 23 7
Transaction-related costs, net 0 3 2 3
Other (income) expense, net 3 1 6 3
Total expenses 3,151 2,807 8,865 7,492 Close
Income before income taxes 329 757 214 1,752 Close
Provision for income taxes 91 130 74 377 Close
Net income 238 627 140 1,375 Close
Less: net income attributable to non-controlling interests 1 1 3 2
Net income attributable to Avis Budget Group, Inc. 237 626 137 1,373
Comprehensive income attributable to Avis Budget Group, Inc. $ 260 $ 586 $ 121 $ 1,344
Earnings per share        
Basic (in usd per share) $ 6.67 $ 16.96 $ 3.86 $ 35.11
Diluted (in usd per share) $ 6.65 $ 16.78 $ 3.84 $ 34.71