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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 569 $ 606
Receivables, net 591 553
Deferred income taxes 153 146
Other current assets 558 405
Total current assets 1,871 1,710
Property and equipment, net 559 529
Deferred income taxes 1,346 1,454
Goodwill 646 375
Other intangibles, net 910 731
Other non-current assets 361 320
Total assets exclusive of assets under vehicle programs 5,693 5,119
Assets under vehicle programs:    
Program cash 53 24
Vehicles, net 10,162 9,274
Receivables from vehicle manufacturers and other 287 439
Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party 362 362
Assets under vehicle programs 10,864 10,099
Total assets 16,557 15,218
Current liabilities:    
Accounts payable and other current liabilities 1,546 1,421
Short-term debt and current portion of long-term debt 29 57
Total current liabilities 1,575 1,478
Long-term debt 3,318 2,848
Other non-current liabilities 884 871
Total liabilities exclusive of liabilities under vehicle programs 5,777 5,197
Liabilities under vehicle programs:    
Debt 1,589 1,603
Debt due to Avis Budget Rental Car Funding (AESOP) LLC-related party 5,873 5,203
Deferred income taxes 2,126 2,163
Other 498 295
Total Liabilities under vehicle programs 10,086 9,264
Commitments and contingencies (Note 13)      
Stockholders' equity:    
Preferred stock, $0.01 par value-authorized 10 million shares; none issued and outstanding 0 0
Common stock, $0.01 par value-authorized 250 million shares; issued 137,081,056 and 137,081,056 shares 1 1
Additional paid-in capital 7,966 8,211
Accumulated deficit (2,422) (2,376)
Accumulated other comprehensive income 87 110
Treasury stock, at cost - 28,943,192 and 30,027,146 shares (4,938) (5,189)
Total stockholders' equity 694 757
Total liabilities and stockholders' equity $ 16,557 $ 15,218