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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Vehicle rental $ 1,563 $ 1,573 $ 2,849 $ 2,901
Other 675 670 1,228 1,223
Net revenues 2,238 2,243 4,077 4,124
Expenses        
Operating 1,108 1,122 2,157 2,162
Vehicle depreciation and lease charges, net 597 532 1,101 995
Selling, general and administrative 293 312 555 581
Vehicle interest, net 73 73 137 138
Non-vehicle related depreciation and amortization 65 65 128 126
Interest expense 48 56 97 106
Early extinguishment of debt 0 10 3 10
Restructuring and other related charges 38 5 45 20
Transaction-related costs, net 5 5 8 9
Total expenses 2,227 2,180 4,231 4,147
Income (loss) before income taxes 11 63 (154) (23)
Provision for (benefit from) income taxes 8 27 (50) (8)
Net income (loss) 3 36 (104) (15)
Comprehensive income (loss) $ 51 $ 40 $ (28) $ 59
Earnings (loss) per share        
Basic $ 0.04 $ 0.39 $ (1.22) $ (0.16)
Diluted $ 0.04 $ 0.38 $ (1.22) $ (0.16)