XML 80 R69.htm IDEA: XBRL DOCUMENT v3.5.0.2
Guarantor And Non-Guarantor Consolidating Condensed Financial Statements (Consolidating Condensed Balance Sheets) (Detail) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Current assets:        
Cash and cash equivalents $ 527 $ 452 $ 529 $ 624
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    
Intercompany receivables (payables) 0 0    
Investment in subsidiaries 0 0    
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    
Long-term Debt, Current Maturities 28 26    
Total current liabilities 1,771 1,511    
Long-term debt 3,502 3,435    
Other non-current liabilities 773 734    
Due to Related Parties, Noncurrent 0 0    
Total liabilities exclusive of liabilities under vehicle programs 6,046 5,680    
Liabilities under vehicle programs:        
Debt 3,178 2,064    
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    
Total stockholders' equity 339 439    
Total liabilities and stockholders’ equity 20,483 17,634    
Parent [Member]        
Current assets:        
Cash and cash equivalents 3 4 5 2
Receivables, net 0 0    
Other current assets 5 2    
Total current assets 8 6    
Property and equipment, net 0 0    
Deferred income taxes 20 20    
Goodwill 0 0    
Other intangibles, net 0 0    
Other non-current assets 95 93    
Intercompany receivables (payables) 166 160    
Investment in subsidiaries 165 272    
Total assets exclusive of assets under vehicle programs 454 551    
Assets under vehicle programs:        
Program cash 0 0    
Vehicles, net 0 0    
Receivables from vehicle manufacturers and other 0 0    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 0 0    
Total Assets under vehicle programs 0 0    
Total assets 454 551    
Current liabilities:        
Accounts payable and other current liabilities 25 24    
Long-term Debt, Current Maturities 0 0    
Total current liabilities 25 24    
Long-term debt 0 0    
Other non-current liabilities 90 88    
Due to Related Parties, Noncurrent 0 0    
Total liabilities exclusive of liabilities under vehicle programs 115 112    
Liabilities under vehicle programs:        
Debt 0 0    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 0 0    
Deferred income taxes 0 0    
Other 0 0    
Total Liabilities under vehicle programs 0 0    
Total stockholders' equity 339 439    
Total liabilities and stockholders’ equity 454 551    
Subsidiary Issuers [Member]        
Current assets:        
Cash and cash equivalents 81 70 239 210
Receivables, net 0 0    
Other current assets 111 78    
Total current assets 192 148    
Property and equipment, net 142 134    
Deferred income taxes 1,232 1,246    
Goodwill 0 0    
Other intangibles, net 29 30    
Other non-current assets 18 15    
Intercompany receivables (payables) 348 367    
Investment in subsidiaries 3,573 3,426    
Total assets exclusive of assets under vehicle programs 5,534 5,366    
Assets under vehicle programs:        
Program cash 0 0    
Vehicles, net 17 18    
Receivables from vehicle manufacturers and other 1 0    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 0 0    
Total Assets under vehicle programs 18 18    
Total assets 5,552 5,384    
Current liabilities:        
Accounts payable and other current liabilities 189 180    
Long-term Debt, Current Maturities 15 14    
Total current liabilities 204 194    
Long-term debt 2,986 2,932    
Other non-current liabilities 97 85    
Due to Related Parties, Noncurrent 2,099 1,897    
Total liabilities exclusive of liabilities under vehicle programs 5,386 5,108    
Liabilities under vehicle programs:        
Debt 1 4    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 0 0    
Deferred income taxes 0 0    
Other 0 0    
Total Liabilities under vehicle programs 1 4    
Total stockholders' equity 165 272    
Total liabilities and stockholders’ equity 5,552 5,384    
Guarantor Subsidiaries [Member]        
Current assets:        
Cash and cash equivalents 0 0 0 0
Receivables, net 249 212    
Other current assets 102 83    
Total current assets 351 295    
Property and equipment, net 346 345    
Deferred income taxes 255 253    
Goodwill 489 487    
Other intangibles, net 512 525    
Other non-current assets 20 17    
Intercompany receivables (payables) 1,166 1,070    
Investment in subsidiaries 3,773 3,680    
Total assets exclusive of assets under vehicle programs 6,912 6,672    
Assets under vehicle programs:        
Program cash 0 0    
Vehicles, net 80 78    
Receivables from vehicle manufacturers and other 0 0    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 0 0    
Total Assets under vehicle programs 80 78    
Total assets 6,992 6,750    
Current liabilities:        
Accounts payable and other current liabilities 585 471    
Long-term Debt, Current Maturities 4 5    
Total current liabilities 589 476    
Long-term debt 2 2    
Other non-current liabilities 237 237    
Due to Related Parties, Noncurrent 347 336    
Total liabilities exclusive of liabilities under vehicle programs 1,175 1,051    
Liabilities under vehicle programs:        
Debt 71 74    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 0 0    
Deferred income taxes 2,173 2,199    
Other 0 0    
Total Liabilities under vehicle programs 2,244 2,273    
Total stockholders' equity 3,573 3,426    
Total liabilities and stockholders’ equity 6,992 6,750    
Non-Guarantor Subsidiaries [Member]        
Current assets:        
Cash and cash equivalents 443 378 285 412
Receivables, net 511 456    
Other current assets 638 344    
Total current assets 1,592 1,178    
Property and equipment, net 195 202    
Deferred income taxes 0 0    
Goodwill 515 486    
Other intangibles, net 355 362    
Other non-current assets 111 107    
Intercompany receivables (payables) 767 696    
Investment in subsidiaries 0 0    
Total assets exclusive of assets under vehicle programs 3,535 3,031    
Assets under vehicle programs:        
Program cash 182 258    
Vehicles, net 13,130 10,562    
Receivables from vehicle manufacturers and other 252 438    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 361 362    
Total Assets under vehicle programs 13,925 11,620    
Total assets 17,460 14,651    
Current liabilities:        
Accounts payable and other current liabilities 944 810    
Long-term Debt, Current Maturities 9 7    
Total current liabilities 953 817    
Long-term debt 514 501    
Other non-current liabilities 366 355    
Due to Related Parties, Noncurrent 1 60    
Total liabilities exclusive of liabilities under vehicle programs 1,834 1,733    
Liabilities under vehicle programs:        
Debt 3,106 1,986    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 7,987 6,796    
Deferred income taxes 177 168    
Other 583 288    
Total Liabilities under vehicle programs 11,853 9,238    
Total stockholders' equity 3,773 3,680    
Total liabilities and stockholders’ equity 17,460 14,651    
Eliminations [Member]        
Current assets:        
Cash and cash equivalents 0 0 $ 0 $ 0
Receivables, net 0 0    
Other current assets 0 0    
Total current assets 0 0    
Property and equipment, net 0 0    
Deferred income taxes (17) (31)    
Goodwill 0 0    
Other intangibles, net 0 0    
Other non-current assets 0 0    
Intercompany receivables (payables) (2,447) (2,293)    
Investment in subsidiaries (7,511) (7,378)    
Total assets exclusive of assets under vehicle programs (9,975) (9,702)    
Assets under vehicle programs:        
Program cash 0 0    
Vehicles, net 0 0    
Receivables from vehicle manufacturers and other 0 0    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 0 0    
Total Assets under vehicle programs 0 0    
Total assets (9,975) (9,702)    
Current liabilities:        
Accounts payable and other current liabilities 0 0    
Long-term Debt, Current Maturities 0 0    
Total current liabilities 0 0    
Long-term debt 0 0    
Other non-current liabilities (17) (31)    
Due to Related Parties, Noncurrent (2,447) (2,293)    
Total liabilities exclusive of liabilities under vehicle programs (2,464) (2,324)    
Liabilities under vehicle programs:        
Debt 0 0    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 0 0    
Deferred income taxes 0 0    
Other 0 0    
Total Liabilities under vehicle programs 0 0    
Total stockholders' equity (7,511) (7,378)    
Total liabilities and stockholders’ equity $ (9,975) $ (9,702)