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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Vehicle rental $ 1,949 $ 1,871 $ 4,798 $ 4,772
Other 803 785 2,031 2,008
Net revenues 2,752 2,656 6,829 6,780
Expenses        
Operating 1,256 1,219 3,413 3,381
Vehicle depreciation and lease charges, net 616 576 1,717 1,571
Selling, general and administrative 320 315 875 896
Vehicle interest, net 78 77 215 215
Non-vehicle related depreciation and amortization 66 63 194 189
Interest expense 45 51 142 157
Early extinguishment of debt 0 0 3 10
Restructuring and other related charges 7 6 52 26
Transaction-related costs, net 0 4 8 13
Total expenses 2,388 2,311 6,619 6,458
Income before income taxes 364 345 210 322
Provision for income taxes 119 136 69 128
Net income 245 209 141 194
Comprehensive income $ 279 $ 235 $ 251 $ 294
Earnings per share        
Basic $ 2.96 $ 2.32 $ 1.68 $ 2.07
Diluted $ 2.91 $ 2.28 $ 1.65 $ 2.05