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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net income (loss) $ 4 $ (46)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Vehicle depreciation 407 353
Gain on sale of vehicles, net (11) 0
Non-vehicle related depreciation and amortization 41 34
Amortization of debt financing fees 9 11
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:    
Receivables (27) (57)
Income taxes and deferred income taxes 1 (21)
Accounts payable and other current liabilities (71) (35)
Other, net 37 61
Net cash provided by operating activities 390 300
Investing activities    
Property and equipment additions (36) (21)
Proceeds received on asset sales 3 4
Net assets acquired (net of cash acquired) (124) (476)
Other, net (7) 26
Net cash used in investing activities exclusive of vehicle programs (164) (467)
Vehicle programs:    
Decrease (increase) in program cash 12 (24)
Investment in vehicles (3,275) (3,111)
Proceeds received on disposition of vehicles 2,470 2,394
Net cash used in investing activities of vehicle programs (793) (741)
Net cash used in investing activities (957) (1,208)
Financing activities    
Proceeds from long-term borrowings 295 1,225
Payments on long-term borrowings (5) (788)
Net change in short-term borrowings 11 (31)
Purchases of warrants 0 (28)
Proceeds from sale of call options 0 37
Repurchases of common stock (67) 0
Debt financing fees (5) (10)
Other, net (1) 2
Net cash provided by financing activities exclusive of vehicle programs 228 407
Vehicle programs:    
Proceeds from borrowings 3,775 3,762
Payments on borrowings (3,280) (3,279)
Debt financing fees (7) (17)
Net cash provided by financing activities of vehicle programs 488 466
Net cash provided by financing activities 716 873
Effect of changes in exchange rates on cash and cash equivalents (1) (2)
Net increase (decrease) in cash and cash equivalents 148 (37)
Cash and cash equivalents, beginning of period 693 606
Cash and cash equivalents, end of period $ 841 $ 569