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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 923 $ 490
Receivables, net 718 808
Other current assets 651 519
Total current assets 2,292 1,817
Property and equipment, net 684 685
Deferred income taxes 1,631 1,493
Goodwill 1,013 1,007
Other intangibles, net 859 870
Other non-current assets 195 193
Total assets exclusive of assets under vehicle programs 6,674 6,065
Assets under vehicle programs:    
Program cash 142 225
Vehicles, net 11,486 10,464
Receivables from vehicle manufacturers and other 281 527
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 395 362
Total assets under vehicle programs: 12,304 11,578
Total assets 18,978 17,643
Current liabilities:    
Accounts payable and other current liabilities 1,589 1,488
Short-term debt and current portion of long-term debt 474 279
Total current liabilities 2,063 1,767
Long-term debt 3,506 3,244
Other non-current liabilities 747 764
Total liabilities exclusive of liabilities under vehicle programs 6,316 5,775
Liabilities under vehicle programs:    
Debt 2,395 2,183
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 7,106 6,695
Deferred income taxes 2,453 2,429
Other 567 340
Total Liabilities under vehicle programs 12,521 11,647
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding, at each date 0 0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, at each date 1 1
Additional paid-in capital 6,866 6,918
Accumulated deficit (1,690) (1,639)
Accumulated other comprehensive loss (126) (154)
Treasury stock, at cost—52 and 51 shares, respectively (4,910) (4,905)
Total stockholders’ equity 141 221
Total liabilities and stockholders’ equity $ 18,978 $ 17,643