CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,258	$ 686
Receivables, net	537	911
Other current assets	445	548
Total current assets	2,240	2,145
Property and equipment, net	729	792
Operating lease right-of-use assets	2,714	2,596
Deferred income taxes	1,737	1,662
Goodwill	1,077	1,101
Other intangibles, net	790	798
Other non-current assets	227	217
Total assets exclusive of assets under vehicle programs	9,514	9,311
Assets under vehicle programs:
Program cash	79	211
Vehicles, net	10,810	12,177
Receivables from vehicle manufacturers and other	562	778
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	725	649
Total assets under vehicle programs:	12,176	13,815
Total assets	21,690	23,126
Current liabilities:
Accounts payable and other current liabilities	2,084	2,206
Short-term debt and current portion of long-term debt	19	19
Total current liabilities	2,103	2,225
Long-term debt	3,884	3,416
Long-term operating lease liabilities	2,226	2,140
Other non-current liabilities	735	757
Total liabilities exclusive of liabilities under vehicle programs	8,948	8,538
Liabilities under vehicle programs:
Debt	2,483	3,132
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party		7,936
Deferred income taxes	2,013	2,189
Other	342	675
Total Liabilities under vehicle programs	12,895	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	6,670	6,741
Accumulated deficit	(1,425)	(785)
Accumulated other comprehensive loss	(223)	(157)
Treasury stock, at cost—67 and 63 shares, respectively	(5,176)	(5,144)
Total stockholders’ equity	(153)	656
Total liabilities and stockholders’ equity	$ 21,690	$ 23,126