CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 876	$ 452
Receivables, net	662	668
Other current assets	644	507
Total current assets	2,182	1,627
Property and equipment, net	687	681
Deferred income taxes	1,556	1,488
Goodwill	1,006	973
Other intangibles, net	918	917
Other non-current assets	243	232
Total assets exclusive of assets under vehicle programs	6,592	5,918
Assets under vehicle programs:
Program cash	68	258
Vehicles, net	11,953	10,658
Receivables from vehicle manufacturers and other	334	438
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	361	362
Total assets under vehicle programs:	12,716	11,716
Total assets	19,308	17,634
Current liabilities:
Accounts payable and other current liabilities	1,574	1,485
Short-term debt and current portion of long-term debt	327	26
Total current liabilities	1,901	1,511
Long-term debt	3,511	3,435
Other non-current liabilities	764	734
Total liabilities exclusive of liabilities under vehicle programs	6,176	5,680
Liabilities under vehicle programs:
Debt	2,238	2,064
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	7,623	6,796
Deferred income taxes	2,410	2,367
Other	490	288
Total Liabilities under vehicle programs	$ 12,761	$ 11,515
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, at each date	1	1
Additional paid-in capital	6,909	7,010
Accumulated deficit	(1,853)	(1,802)
Accumulated other comprehensive loss	(77)	(147)
Treasury stock, at cost—42 and 39 shares, respectively	(4,609)	(4,623)
Total stockholders’ equity	371	439
Total liabilities and stockholders’ equity	$ 19,308	$ 17,634