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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 489 $ 611
Receivables, net 902 922
Other current assets 832 533
Total current assets 2,223 2,066
Property and equipment, net 715 704
Deferred income taxes 1,120 931
Goodwill 1,049 1,073
Other intangibles, net 843 850
Other non-current assets 243 196
Total assets exclusive of assets under vehicle programs 6,193 5,820
Assets under vehicle programs:    
Program cash 161 283
Vehicles, net 13,867 10,626
Receivables from vehicle manufacturers and other 253 547
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 445 423
Total assets under vehicle programs: 14,726 11,879
Total assets 20,919 17,699
Current liabilities:    
Accounts payable and other current liabilities 1,832 1,619
Short-term debt and current portion of long-term debt 24 26
Total current liabilities 1,856 1,645
Long-term debt 3,544 3,573
Other non-current liabilities 745 717
Total liabilities exclusive of liabilities under vehicle programs 6,145 5,935
Liabilities under vehicle programs:    
Debt 3,511 2,741
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 8,265 6,480
Deferred income taxes 1,727 1,594
Other 899 376
Total Liabilities under vehicle programs 14,402 11,191
Commitments and contingencies (Note 13)
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 6,779 6,820
Accumulated deficit (1,316) (1,222)
Accumulated other comprehensive loss (72) (24)
Treasury stock, at cost—57 and 56 shares, respectively (5,020) (5,002)
Total stockholders’ equity 372 573
Total liabilities and stockholders’ equity $ 20,919 $ 17,699