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Acquisitions (Notes)
3 Months Ended
Mar. 31, 2020
Acquisitions [Abstract]  
Business Combination Disclosure [Text Block]
Acquisitions

Avis and Budget Licensees

During first quarter 2020, the Company completed the acquisitions of various licensees in North America, for approximately $21 million, plus $21 million for acquired fleet. These investments were in-line with the Company’s strategy to re-acquire licensees when advantageous to expand its footprint of Company-operated locations. The acquired fleet was financed under the Company’s existing financing arrangements. In connection with these acquisitions, approximately $21 million was recorded in other intangibles related to license agreements. The license agreements are being amortized over a weighted average useful life of approximately two years. The fair value of the assets acquired and liabilities assumed has not yet been finalized and is therefore subject to change.