Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 686	$ 615
Receivables (net of allowance for doubtful accounts of $52 and $39, respectively)	911	955
Other current assets	548	604
Total current assets	2,145	2,174
Property and equipment, net	792	736
Operating lease right-of-use assets	2,596	0
Deferred income taxes	1,662	1,301
Goodwill	1,101	1,092
Other intangibles, net	798	825
Other non-current assets	217	242
Total assets exclusive of assets under vehicle programs	9,311	6,370
Assets under vehicle programs:
Program cash	211	115
Vehicles, net	12,177	11,474
Receivables from vehicle manufacturers and other	778	631
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	649	559
Assets under vehicle programs	13,815	12,779
Total assets	23,126	19,149
Current liabilities:
Accounts payable and other current liabilities	2,206	1,693
Short-term debt and current portion of long-term debt	19	23
Total current liabilities	2,225	1,716
Long-term debt	3,416	3,528
Long-term operating lease liabilities	2,140	0
Other non-current liabilities	757	767
Total liabilities exclusive of liabilities under vehicle programs	8,538	6,011
Liabilities under vehicle programs:
Debt	3,132	2,874
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	7,936	7,358
Deferred income taxes	2,189	1,961
Other	675	531
Total Liabilities under vehicle programs	13,932	12,724
Commitments and contingencies (Note 15)
Stockholders' equity:
Preferred stock, $.01 par value—authorized 10 shares; none issued and outstanding	0	0
Common stock, $.01 par value—authorized 250 shares; issued 137 shares, respectively	1	1
Additional paid-in capital	6,741	6,771
Accumulated deficit	(785)	(1,091)
Accumulated other comprehensive loss	(157)	(133)
Treasury stock, at cost—63 and 61 shares, respectively	(5,144)	(5,134)
Total stockholders’ equity	656	414
Total liabilities and stockholders’ equity	$ 23,126	$ 19,149