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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 585 $ 624
Receivables, net 705 599
Deferred income taxes 144 159
Other current assets 684 456
Total current assets 2,118 1,838
Property and equipment, net 642 638
Deferred income taxes 1,136 1,352
Goodwill 964 842
Other intangibles, net 922 886
Other non-current assets 334 355
Total assets exclusive of assets under vehicle programs 6,116 5,911
Assets under vehicle programs:    
Program cash 183 119
Vehicles, net 11,604 10,215
Receivables from vehicle manufacturers and other 637 362
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 362 362
Total assets under vehicle programs: 12,786 11,058
Total assets 18,902 16,969
Current liabilities:    
Accounts payable and other current liabilities 1,764 1,491
Short-term debt and current portion of long-term debt 27 28
Total current liabilities 1,791 1,519
Long-term debt 3,505 3,392
Other non-current liabilities 741 766
Total liabilities exclusive of liabilities under vehicle programs 6,037 5,677
Liabilities under vehicle programs:    
Debt 2,757 1,776
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 7,239 6,340
Deferred income taxes 2,066 2,267
Other 203 244
Total Liabilities under vehicle programs $ 12,265 $ 10,627
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding $ 0 $ 0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, respectively 1 1
Additional paid-in capital 7,047 7,212
Accumulated deficit (1,797) (2,115)
Accumulated other comprehensive loss (142) (22)
Treasury stock, at cost—36 and 31 shares (4,509) (4,411)
Total stockholders’ equity 600 665
Total liabilities and stockholders’ equity $ 18,902 $ 16,969