CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 527	$ 452
Receivables, net	760	668
Other current assets	856	507
Total current assets	2,143	1,627
Property and equipment, net	683	681
Deferred income taxes	1,490	1,488
Goodwill	1,004	973
Other intangibles, net	896	917
Other non-current assets	244	232
Total assets exclusive of assets under vehicle programs	6,460	5,918
Assets under vehicle programs:
Program cash	182	258
Vehicles, net	13,227	10,658
Receivables from vehicle manufacturers and other	253	438
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	361	362
Total assets under vehicle programs:	14,023	11,716
Total assets	20,483	17,634
Current liabilities:
Accounts payable and other current liabilities	1,743	1,485
Short-term debt and current portion of long-term debt	28	26
Total current liabilities	1,771	1,511
Long-term debt	3,502	3,435
Other non-current liabilities	773	734
Total liabilities exclusive of liabilities under vehicle programs	6,046	5,680
Liabilities under vehicle programs:
Debt	3,178	2,064
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	7,987	6,796
Deferred income taxes	2,350	2,367
Other	583	288
Total Liabilities under vehicle programs	14,098	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	6,935	7,010
Accumulated deficit	(1,817)	(1,802)
Accumulated other comprehensive loss	(73)	(147)
Treasury stock, at cost—45 and 39 shares, respectively	(4,707)	(4,623)
Total stockholders’ equity	339	439
Total liabilities and stockholders’ equity	$ 20,483	$ 17,634