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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Statement of Cash Flows [Abstract]    
Document Fiscal Year Focus 2018  
Operating activities    
Net income (loss) $ (61) $ (104)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Vehicle depreciation 996 953
(Gain) loss on sale of vehicles, net (10) 51
Non-vehicle related depreciation and amortization 128 128
Stock-based compensation 12 7
Amortization of debt financing fees 13 17
Early extinguishment of debt 5 3
Net change in assets and liabilities:    
Receivables (68) (36)
Income taxes and deferred income taxes (49) (91)
Accounts payable and other current liabilities 141 112
Other, net 14 99
Net cash provided by operating activities 1,121 1,139
Investing activities    
Property and equipment additions (115) (86)
Proceeds received on asset sales 6 4
Net assets acquired (net of cash acquired) (28) (14)
Other, net (37) 0
Net cash used in investing activities exclusive of vehicle programs (174) (96)
Vehicle programs:    
Investment in vehicles (8,359) (8,116)
Proceeds received on disposition of vehicles 4,807 5,059
Repayments of Related Party Debt (22) (33)
Net cash used in investing activities of vehicle programs 3,574 3,090
Net cash used in investing activities (3,748) (3,186)
Financing activities    
Proceeds from long-term borrowings 81 589
Payments on long-term borrowings (94) (591)
Proceeds from (Repayments of) Short-term Debt (2) (1)
Repurchases of common stock (78) (109)
Debt financing fees (9) (8)
Other, net 2 0
Net cash used in financing activities exclusive of vehicle programs (100) (120)
Vehicle programs:    
Proceeds from borrowings 10,145 11,255
Payments on borrowings (7,643) (8,988)
Debt financing fees (13) (8)
Net cash provided by financing activities of vehicle programs 2,489 2,259
Net cash provided by financing activities 2,389 2,139
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash (2) 36
Net (decrease) increase in cash and cash equivalents, program and restricted cash (240) 128
Cash and cash equivalents, program and restricted cash, beginning of period 901 720
Cash and cash equivalents, program and restricted cash, end of period $ 661 $ 848