CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 679	$ 686
Receivables, net	712	911
Other current assets	536	548
Total current assets	1,927	2,145
Property and equipment, net	767	792
Operating lease right-of-use assets	2,686	2,596
Deferred income taxes	1,797	1,662
Goodwill	1,069	1,101
Other intangibles, net	794	798
Other non-current assets	212	217
Total assets exclusive of assets under vehicle programs	9,252	9,311
Assets under vehicle programs:
Program cash	39	211
Vehicles, net	12,815	12,177
Receivables from vehicle manufacturers and other	661	778
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	785	649
Total assets under vehicle programs:	14,300	13,815
Total assets	23,552	23,126
Current liabilities:
Accounts payable and other current liabilities	2,145	2,206
Short-term debt and current portion of long-term debt	118	19
Total current liabilities	2,263	2,225
Long-term debt	3,396	3,416
Long-term operating lease liabilities	2,198	2,140
Other non-current liabilities	746	757
Total liabilities exclusive of liabilities under vehicle programs	8,603	8,538
Liabilities under vehicle programs:
Debt	2,648	3,132
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party		7,936
Deferred income taxes	2,204	2,189
Other	455	675
Total Liabilities under vehicle programs	14,657	13,932
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding, respectively	0	0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, respectively	1	1
Additional paid-in capital	6,677	6,741
Accumulated deficit	(944)	(785)
Accumulated other comprehensive loss	(256)	(157)
Treasury stock, at cost—68 and 63 shares, respectively	(5,186)	(5,144)
Total stockholders’ equity	292	656
Total liabilities and stockholders’ equity	$ 23,552	$ 23,126