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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Vehicle rental $ 1,553 $ 1,438 $ 2,882 $ 2,654
Other 641 564 1,174 1,039
Net revenues 2,194 2,002 4,056 3,693
Expenses        
Operating 1,105 1,007 2,105 1,937
Vehicle depreciation and lease charges, net 517 476 950 863
Selling, general and administrative 287 274 535 498
Vehicle interest, net 72 66 136 123
Non-vehicle related depreciation and amortization 45 37 86 71
Interest expense related to corporate debt, net:        
Interest expense 55 55 111 114
Early extinguishment of debt 56 91 56 131
Transaction-related costs 8 19 16 26
Restructuring expense 1 15 [1] 8 25 [1]
Total expenses 2,146 2,040 4,003 3,788
Income (loss) before income taxes 48 (38) 53 (95)
Provision for (benefit from) income taxes 22 (10) 23 (21)
Net income (loss) 26 (28) 30 (74)
Comprehensive income (loss) $ 31 $ (65) $ 38 $ (134)
Earnings (loss) per share        
Basic (US$ per share) $ 0.25 $ (0.26) $ 0.29 $ (0.69)
Diluted (US$ per share) $ 0.24 $ (0.26) $ 0.28 $ (0.69)
[1] (c) Includes unallocated corporate overhead which is not attributable to a particular segment.