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Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income (loss) $ 16 $ 290 $ (29) [1]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Vehicle depreciation 1,678 1,438 1,395
Gain on sale of vehicles, net (6) (97) (234)
Non-vehicle related depreciation and amortization 152 125 95
Deferred income taxes 37 128 32
Amortization of debt financing fees 41 57 78
Impairment 33 0 0
Non-cash charge on unfavorable license rights reacquired with the acquisition of Avis Europe plc 0 0 117
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:      
Receivables (66) (65) 29
Income taxes (14) (183) (18)
Accounts payable and other current liabilities (28) (28) 20
Other, net 410 224 93
Net cash provided by operating activities 2,253 1,889 1,578
Investing activities      
Property and equipment additions (152) (132) (65)
Proceeds received on asset sales 22 21 14
Net assets acquired (net of cash acquired) (537) (69) (841)
Other, net 2 (9) (7)
Net cash used in investing activities exclusive of vehicle programs (665) (189) (899)
Vehicle programs:      
Increase in program cash (79) (13) (11)
Investment in vehicles (10,899) (11,067) (8,659)
Proceeds received on disposition of vehicles 9,409 9,196 7,196
Investment in debt securities of Avis Budget Rental Car Funding (AESOP)—related party 0 0 (400)
Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP)—related party 0 0 400
Net Cash Used In Investing Activities Of Vehicle Programs (1,569) (1,884) (1,474)
Net cash used in investing activities (2,234) (2,073) (2,373)
Financing activities      
Proceeds from long-term borrowings 2,972 1,152 682
Payments on long-term borrowings (2,608) (1,501) (668)
Net change in short-term borrowings (36) 10 (97)
Debt financing fees (37) (16) (78)
Purchases of warrants (78) (29) 0
Proceeds from sale of call options 104 43 0
Repurchases of common stock (48) 0 0
Other, net 3 1 1
Net cash provided by (used in) financing activities exclusive of vehicle programs 272 (340) (160)
Vehicle programs:      
Proceeds from borrowings 12,953 12,108 10,534
Payments on borrowings (13,115) (11,490) (9,917)
Debt financing fees (34) (28) (33)
Net cash provided by financing activities of vehicle programs (196) 590 584
Net cash provided by (used in) financing activities 76 250 424
Effect of changes in exchange rates on cash and cash equivalents (8) 6 (6)
Net increase (decrease) in cash and cash equivalents 87 72 (377)
Cash and cash equivalents, beginning of period 606 534 911
Cash and cash equivalents, end of period 693 606 534
Supplemental Disclosure      
Interest payments 457 552 465
Income tax payments, net $ 58 $ 65 $ 51
[1] As the Company incurred a net loss in 2011, all outstanding stock options, restricted stock units, stock warrants and issuable shares underlying the convertible debt have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding. Accordingly, basic and diluted weighted average shares outstanding are equal for such period.