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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Vehicle rental $ 1,573 $ 1,533 $ 2,901 $ 2,852
Other 670 640 1,223 1,171
Net revenues 2,243 2,173 4,124 4,023
Expenses        
Operating 1,122 1,092 2,162 2,077
Vehicle depreciation and lease charges, net 532 498 995 930
Selling, general and administrative 312 281 581 529
Vehicle interest, net 73 75 138 143
Non-vehicle related depreciation and amortization 65 56 126 105
Interest expense 56 45 106 97
Early extinguishment of debt 10 23 10 23
Restructuring expense 5 3 20 4
Transaction-related costs, net 5 18 9 49
Total expenses 2,180 2,091 4,147 3,957
Income (loss) before income taxes 63 82 (23) 66
Provision for (benefit from) income taxes 27 (61) (8) (68)
Net income (loss) 36 143 (15) 134
Comprehensive income $ 40 $ 151 $ 59 $ 48
Earnings (loss) per share        
Basic $ 0.39 $ 1.36 $ (0.16) $ 1.27
Diluted $ 0.38 $ 1.34 $ (0.16) $ 1.25