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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Disaggregation of Revenue [Table Text Block]

The following table presents the Company’s revenues disaggregated by geography.



	Year Ended December 31,
	2019		2018
Americas	$	6,352	$	6,186
Europe, Middle East and Africa	2,222		2,314
Asia and Australasia	598		624
Total revenues	$	9,172	$	9,124

The following table presents the Company’s revenues disaggregated by brand.



	Year Ended December 31,
	2019		2018
Avis	$	5,250	$	5,266
Budget	3,179		3,057
Other	743		801
Total revenues	$	9,172	$	9,124

________

Other includes Zipcar and other operating brands.

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

The following table presents changes in deferred revenue associated with the Company’s customer loyalty program.



	Year Ended December 31,
	2019			2018
Balance, January 1	$	64		$	69
Revenue deferred	17			14
Revenue recognized	(22		)	(19		)
Balance, December 31	$	59		$	64

_______

At December 31, 2019 and 2018, $22 million and $18 million was included in accounts payable and other current liabilities, respectively, and $37 million and $46 million, respectively, in other non-current liabilities. Non-current amounts are expected to be recognized as revenue within two to three years.

Cash and Cash Equivalents, Program Cash and Restricted Cash [Table Text Block]

The following table provides a detail of cash and cash equivalents, program and restricted cash reported within the Consolidated Balance Sheets to the amounts shown in the Consolidated Statements of Cash Flows:



	As of December 31,
	2019		2018
Cash and cash equivalents	$	686	$	615
Program cash	211		115
Restricted cash ^(a)	3		5
Total cash and cash equivalents, program and restricted cash	$	900	$	735

_________

^(a)

Included within other current assets.

Schedule of Estimated Useful Lives

Useful lives are as follows:



Buildings	30 years
Furniture, fixtures & equipment	3 to 10 years
Capitalized software	3 to 7 years
Buses and support vehicles	4 to 15 years