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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Vehicle rental $ 1,832 $ 1,810 $ 4,684 $ 4,692
Other 745 732 1,916 1,906
Net revenues 2,577 2,542 6,600 6,598
Expenses        
Operating 1,202 1,168 3,279 3,273
Vehicle depreciation and lease charges, net 555 582 1,485 1,532
Selling, general and administrative 314 298 843 833
Vehicle interest, net 75 77 218 213
Non-vehicle related depreciation and amortization 56 46 161 132
Interest expense related to corporate debt, net:        
Interest expense 49 50 146 161
Early extinguishment of debt 0 0 23 56
Transaction-related costs 8 7 57 23
Restructuring expense 6 8 10 16
Total expenses 2,265 2,236 6,222 6,239
Income before income taxes 312 306 378 359
Provision for income taxes 128 114 60 137
Net income 184 192 318 222
Comprehensive income $ 150 $ 116 $ 198 $ 154
Earnings per share        
Basic $ 1.80 $ 1.84 $ 3.04 $ 2.11
Diluted $ 1.77 $ 1.74 $ 3.00 $ 2.00