XML 83 R72.htm IDEA: XBRL DOCUMENT v3.8.0.1
Guarantor And Non-Guarantor Consolidating Condensed Financial Statements (Consolidating Condensed Balance Sheets) (Detail) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Sep. 30, 2016
Dec. 31, 2015
Current assets:        
Cash and cash equivalents $ 814 $ 490 $ 985 $ 452
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    
Intercompany receivables (payables) 0 0    
Investment in subsidiaries 0 0    
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    
Long-term Debt, Current Maturities 26 279    
Total current liabilities 1,892 1,767    
Long-term debt 3,565 3,244    
Other non-current liabilities 760 764    
Due to Related Parties, Noncurrent 0 0    
Total liabilities exclusive of liabilities under vehicle programs 6,217 5,775    
Liabilities under vehicle programs:        
Debt 3,781 2,183    
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    
Total stockholders' equity 401 221    
Total liabilities and stockholders’ equity 19,873 17,643    
Parent Company [Member]        
Current assets:        
Cash and cash equivalents 3 3 3 4
Receivables, net 0 0    
Other current assets 2 2    
Total current assets 5 5    
Property and equipment, net 0 0    
Deferred income taxes 19 20    
Goodwill 0 0    
Other intangibles, net 0 0    
Other non-current assets 58 75    
Intercompany receivables (payables) 181 171    
Investment in subsidiaries 203 42    
Total assets exclusive of assets under vehicle programs 466 313    
Assets under vehicle programs:        
Program cash 0 0    
Vehicles, net 0 0    
Receivables from vehicle manufacturers and other 0 0    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 0 0    
Total Assets under vehicle programs 0 0    
Total assets 466 313    
Current liabilities:        
Accounts payable and other current liabilities 13 23    
Long-term Debt, Current Maturities 0 0    
Total current liabilities 13 23    
Long-term debt 0 0    
Other non-current liabilities 52 69    
Due to Related Parties, Noncurrent 0 0    
Total liabilities exclusive of liabilities under vehicle programs 65 92    
Liabilities under vehicle programs:        
Debt 0 0    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 0 0    
Deferred income taxes 0 0    
Other 0 0    
Total Liabilities under vehicle programs 0 0    
Total stockholders' equity 401 221    
Total liabilities and stockholders’ equity 466 313    
Subsidiaries [Member]        
Current assets:        
Cash and cash equivalents 17 12 526 70
Receivables, net 0 0    
Other current assets 87 101    
Total current assets 104 113    
Property and equipment, net 164 148    
Deferred income taxes 1,248 1,219    
Goodwill 0 0    
Other intangibles, net 27 28    
Other non-current assets 24 24    
Intercompany receivables (payables) 376 359    
Investment in subsidiaries 4,126 3,717    
Total assets exclusive of assets under vehicle programs 6,069 5,608    
Assets under vehicle programs:        
Program cash 0 0    
Vehicles, net 22 24    
Receivables from vehicle manufacturers and other 1 1    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 0 0    
Total Assets under vehicle programs 23 25    
Total assets 6,092 5,633    
Current liabilities:        
Accounts payable and other current liabilities 236 189    
Long-term Debt, Current Maturities 17 264    
Total current liabilities 253 453    
Long-term debt 2,911 2,730    
Other non-current liabilities 84 88    
Due to Related Parties, Noncurrent 2,634 2,306    
Total liabilities exclusive of liabilities under vehicle programs 5,882 5,577    
Liabilities under vehicle programs:        
Debt 7 14    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 0 0    
Deferred income taxes 0 0    
Other 0 0    
Total Liabilities under vehicle programs 7 14    
Total stockholders' equity 203 42    
Total liabilities and stockholders’ equity 6,092 5,633    
Guarantor Subsidiaries [Member]        
Current assets:        
Cash and cash equivalents 0 0 0 0
Receivables, net 248 231    
Other current assets 116 90    
Total current assets 364 321    
Property and equipment, net 321 341    
Deferred income taxes 272 268    
Goodwill 489 489    
Other intangibles, net 486 502    
Other non-current assets 18 16    
Intercompany receivables (payables) 1,552 1,466    
Investment in subsidiaries 4,064 3,698    
Total assets exclusive of assets under vehicle programs 7,566 7,101    
Assets under vehicle programs:        
Program cash 0 0    
Vehicles, net 64 70    
Receivables from vehicle manufacturers and other 1 0    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 0 0    
Total Assets under vehicle programs 65 70    
Total assets 7,631 7,171    
Current liabilities:        
Accounts payable and other current liabilities 587 512    
Long-term Debt, Current Maturities 3 3    
Total current liabilities 590 515    
Long-term debt 4 3    
Other non-current liabilities 227 253    
Due to Related Parties, Noncurrent 376 359    
Total liabilities exclusive of liabilities under vehicle programs 1,197 1,130    
Liabilities under vehicle programs:        
Debt 60 66    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 0 0    
Deferred income taxes 2,247 2,258    
Other 1 0    
Total Liabilities under vehicle programs 2,308 2,324    
Total stockholders' equity 4,126 3,717    
Total liabilities and stockholders’ equity 7,631 7,171    
Subsidiaries Non Guarantor [Member]        
Current assets:        
Cash and cash equivalents 794 475 456 378
Receivables, net 607 577    
Other current assets 545 326    
Total current assets 1,946 1,378    
Property and equipment, net 208 196    
Deferred income taxes 27 0    
Goodwill 576 518    
Other intangibles, net 350 340    
Other non-current assets 82 78    
Intercompany receivables (payables) 903 670    
Investment in subsidiaries 0 0    
Total assets exclusive of assets under vehicle programs 4,092 3,180    
Assets under vehicle programs:        
Program cash 180 225    
Vehicles, net 11,715 10,370    
Receivables from vehicle manufacturers and other 707 526    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 395 362    
Total Assets under vehicle programs 12,997 11,483    
Total assets 17,089 14,663    
Current liabilities:        
Accounts payable and other current liabilities 1,030 764    
Long-term Debt, Current Maturities 6 12    
Total current liabilities 1,036 776    
Long-term debt 650 511    
Other non-current liabilities 397 368    
Due to Related Parties, Noncurrent 2 1    
Total liabilities exclusive of liabilities under vehicle programs 2,085 1,656    
Liabilities under vehicle programs:        
Debt 3,714 2,103    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 6,785 6,695    
Deferred income taxes 177 171    
Other 264 340    
Total Liabilities under vehicle programs 10,940 9,309    
Total stockholders' equity 4,064 3,698    
Total liabilities and stockholders’ equity 17,089 14,663    
Eliminations [Member]        
Current assets:        
Cash and cash equivalents 0 0 $ 0 $ 0
Receivables, net 0 0    
Other current assets 0 0    
Total current assets 0 0    
Property and equipment, net 0 0    
Deferred income taxes 0 (14)    
Goodwill 0 0    
Other intangibles, net 0 0    
Other non-current assets 0 0    
Intercompany receivables (payables) (3,012) (2,666)    
Investment in subsidiaries (8,393) (7,457)    
Total assets exclusive of assets under vehicle programs (11,405) (10,137)    
Assets under vehicle programs:        
Program cash 0 0    
Vehicles, net 0 0    
Receivables from vehicle manufacturers and other 0 0    
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 0 0    
Total Assets under vehicle programs 0 0    
Total assets (11,405) (10,137)    
Current liabilities:        
Accounts payable and other current liabilities 0 0    
Long-term Debt, Current Maturities 0 0    
Total current liabilities 0 0    
Long-term debt 0 0    
Other non-current liabilities 0 (14)    
Due to Related Parties, Noncurrent (3,012) (2,666)    
Total liabilities exclusive of liabilities under vehicle programs (3,012) (2,680)    
Liabilities under vehicle programs:        
Debt 0 0    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 0 0    
Deferred income taxes 0 0    
Other 0 0    
Total Liabilities under vehicle programs 0 0    
Total stockholders' equity (8,393) (7,457)    
Total liabilities and stockholders’ equity $ (11,405) $ (10,137)