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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Vehicle rental $ 1,533 $ 1,553 $ 2,852 $ 2,882
Other 640 641 1,171 1,174
Net revenues 2,173 2,194 4,023 4,056
Expenses        
Operating 1,092 1,105 2,077 2,105
Vehicle depreciation and lease charges, net 498 517 930 950
Selling, general and administrative 281 287 529 535
Vehicle interest, net 75 72 143 136
Non-vehicle related depreciation and amortization 56 45 105 86
Interest expense related to corporate debt, net:        
Interest expense 45 55 97 111
Early extinguishment of debt 23 56 23 56
Transaction-related costs 18 8 49 16
Restructuring expense 3 1 4 8
Total expenses 2,091 2,146 3,957 4,003
Income before income taxes 82 48 66 53
Provision for (benefit from) income taxes (61) 22 (68) 23
Net income 143 26 134 30
Comprehensive income $ 151 $ 31 $ 48 $ 38
Earnings per share        
Basic $ 1.36 $ 0.25 $ 1.27 $ 0.29
Diluted $ 1.34 $ 0.24 $ 1.25 $ 0.28