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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 602 $ 555
Receivables, net 917 900
Other current assets 800 684
Total current assets 2,319 2,139
Property and equipment, net 700 719
Operating lease right-of-use assets 2,886 2,654
Deferred income taxes 1,565 1,868
Goodwill 1,109 1,099
Other intangibles, net 647 670
Other non-current assets 421 441
Total assets exclusive of assets under vehicle programs 9,647 9,590
Assets under vehicle programs:    
Program cash 44 85
Vehicles, net 21,352 21,240
Receivables from vehicle manufacturers and other 423 443
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 1,283 1,211
Total assets under vehicle programs 23,102 22,979
Total Assets 32,749 32,569
Current liabilities:    
Accounts payable and other current liabilities 2,786 2,627
Short-term debt and current portion of long-term debt 540 32
Total current liabilities 3,326 2,659
Long-term debt 5,465 4,791
Long-term operating lease liabilities 2,351 2,117
Other non-current liabilities 509 528
Total liabilities exclusive of liabilities under vehicle programs 11,651 10,095
Liabilities under vehicle programs:    
Debt 4,056 3,496
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 13,837 15,441
Deferred income taxes 3,114 3,418
Other 320 462
Total liabilities under vehicle programs 21,327 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 6,615 6,634
Retained earnings 3,988 3,854
Accumulated other comprehensive loss (112) (96)
Treasury stock, at cost—102 shares, in each period (10,730) (10,742)
Stockholders’ equity attributable to Avis Budget Group, Inc. (238) (349)
Non-controlling interests 9 6
Total stockholders’ equity (229) (343)
Total Liabilities and Stockholders’ Equity $ 32,749 $ 32,569