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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Vehicle rental $ 1,871 $ 1,832 $ 4,772 $ 4,684
Other 785 745 2,008 1,916
Net revenues 2,656 2,577 6,780 6,600
Expenses        
Operating 1,219 1,202 3,381 3,279
Vehicle depreciation and lease charges, net 576 555 1,571 1,485
Selling, general and administrative 315 314 896 843
Vehicle interest, net 77 75 215 218
Non-vehicle related depreciation and amortization 63 56 189 161
Interest expense 51 49 157 146
Early extinguishment of debt 0 0 10 23
Restructuring expense 6 6 26 10
Transaction-related costs, net 4 8 13 57
Total expenses 2,311 2,265 6,458 6,222
Income before income taxes 345 312 322 378
Provision for income taxes 136 128 128 60
Net income 209 184 194 318
Comprehensive income $ 235 $ 150 $ 294 $ 198
Earnings per share        
Basic $ 2.32 $ 1.80 $ 2.07 $ 3.04
Diluted $ 2.28 $ 1.77 $ 2.05 $ 3.00