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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 814 $ 490
Receivables, net 855 808
Other current assets 750 519
Total current assets 2,419 1,817
Property and equipment, net 693 685
Deferred income taxes 1,566 1,493
Goodwill 1,065 1,007
Other intangibles, net 863 870
Other non-current assets 182 193
Total assets exclusive of assets under vehicle programs 6,788 6,065
Assets under vehicle programs:    
Program cash 180 225
Vehicles, net 11,801 10,464
Receivables from vehicle manufacturers and other 709 527
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 395 362
Total assets under vehicle programs: 13,085 11,578
Total assets 19,873 17,643
Current liabilities:    
Accounts payable and other current liabilities 1,866 1,488
Short-term debt and current portion of long-term debt 26 279
Total current liabilities 1,892 1,767
Long-term debt 3,565 3,244
Other non-current liabilities 760 764
Total liabilities exclusive of liabilities under vehicle programs 6,217 5,775
Liabilities under vehicle programs:    
Debt 3,781 2,183
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 6,785 6,695
Deferred income taxes 2,424 2,429
Other 265 340
Total Liabilities under vehicle programs 13,255 11,647
Commitments and contingencies (Note 11)
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 6,862 6,918
Accumulated deficit (1,442) (1,639)
Accumulated other comprehensive loss (44) (154)
Treasury stock, at cost—55 and 51 shares, respectively (4,976) (4,905)
Total stockholders’ equity 401 221
Total liabilities and stockholders’ equity $ 19,873 $ 17,643