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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income (loss) $ 30 $ (74)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Vehicle depreciation 898 808
Gain on sale of vehicles, net (24) (2)
Non-vehicle related depreciation and amortization 86 71
Amortization of debt financing fees 20 22
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:    
Receivables (131) (113)
Income taxes and deferred income taxes 5 (44)
Accounts payable and other current liabilities 20 31
Other, net 107 175
Net cash provided by operating activities 1,011 874
Investing activities    
Property and equipment additions (80) (56)
Proceeds received on asset sales 6 7
Net assets acquired (net of cash acquired) (125) (476)
Other, net (8) 50
Net cash used in investing activities exclusive of vehicle programs (207) (475)
Vehicle programs:    
Increase in program cash (29) (111)
Investment in vehicles (8,214) (7,306)
Proceeds received on disposition of vehicles 4,382 4,434
Net cash used in investing activities of vehicle programs (3,861) (2,983)
Net cash used in investing activities (4,068) (3,458)
Financing activities    
Proceeds from long-term borrowings 695 2,725
Payments on long-term borrowings (747) (2,338)
Net change in short-term borrowings 0 10
Purchases of warrants 0 (29)
Proceeds from sale of call options 0 40
Repurchases of common stock (146)  
Debt financing fees (11) (28)
Other, net (1) 2
Net cash provided by (used in) financing activities exclusive of vehicle programs (210) 382
Vehicle programs:    
Proceeds from borrowings 9,536 8,191
Payments on borrowings (6,417) (6,055)
Debt financing fees (10) (20)
Net cash provided by financing activities of vehicle programs 3,109 2,116
Net cash provided by financing activities 2,899 2,498
Effect of changes in exchange rates on cash and cash equivalents 2 (17)
Net decrease in cash and cash equivalents (156) (103)
Cash and cash equivalents, beginning of period 693 606
Cash and cash equivalents, end of period $ 537 $ 503