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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 163 $ 313 $ 245
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Vehicle depreciation 1,877 1,837 1,840
Gain on sale of vehicles, net (10) (60) (7)
Non-vehicle related depreciation and amortization 253 218 180
Deferred income taxes 51 58 65
Stock-based compensation 27 28 25
Amortization of debt financing fees 37 42 41
Early extinguishment of debt costs 27 23 56
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:      
Receivables (65) (42) (60)
Income taxes 5 (18) 37
Accounts payable and other current liabilities (9) (79) (3)
Other, net 273 264 160
Net cash provided by operating activities 2,629 2,584 2,579
Investing activities      
Property and equipment additions (190) (199) (182)
Proceeds received on asset sales 19 15 21
Net assets acquired (net of cash acquired) (55) (256) (416)
Other, net 3 6 (11)
Net cash used in investing activities exclusive of vehicle programs (223) (434) (588)
Vehicle programs:      
Decrease (increase) in program cash 31 (148) (10)
Investment in vehicles (12,461) (11,928) (11,875)
Proceeds received on disposition of vehicles 10,504 9,680 9,666
Net Cash Used In Investing Activities Of Vehicle Programs (1,926) (2,396) (2,219)
Net cash used in investing activities (2,149) (2,830) (2,807)
Financing activities      
Proceeds from long-term borrowings 894 377 871
Payments on long-term borrowings (847) (301) (762)
Net change in short-term borrowings 4 (22) 5
Debt financing fees (20) (7) (17)
Repurchases of common stock (387) (393) (297)
Other, net 0 (7) 0
Net cash used in financing activities exclusive of vehicle programs (356) (353) (200)
Vehicle programs:      
Proceeds from borrowings 15,769 14,138 14,373
Payments on borrowings (15,826) (13,648) (13,963)
Debt financing fees (25) (22) (28)
Net cash provided by financing activities of vehicle programs (82) 468 382
Net cash provided by (used in) financing activities (438) 115 182
Effect of changes in exchange rates on cash and cash equivalents (4) (41) (23)
Net increase (decrease) in cash and cash equivalents 38 (172) (69)
Cash and cash equivalents, beginning of period 452 624 693
Cash and cash equivalents, end of period 490 452 624
Supplemental Disclosure      
Interest payments 461 454 474
Income tax payments, net $ 60 $ 29 $ 45