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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 692 $ 686
Receivables (net of allowance for doubtful accounts of $60 and $52, respectively) 647 911
Other current assets 456 548
Total current assets 1,795 2,145
Property and equipment, net 657 792
Operating lease right-of-use assets 2,560 2,596
Deferred Income Tax Assets, Net 1,198 1,662
Goodwill 1,137 1,101
Other intangibles, net 774 798
Other non-current assets 244 217
Total Assets Exclusive Of Assets Under Vehicle Programs 8,365 9,311
Assets under vehicle programs:    
Program cash 72 211
Vehicles, net 8,153 12,177
Receivables from vehicle manufacturers and other 281 778
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 667 649
Assets under vehicle programs 9,173 13,815
Total assets 17,538 23,126
Current liabilities:    
Accounts payable and other current liabilities 2,034 2,206
Short-term debt and current portion of long-term debt 19 19
Total current liabilities 2,053 2,225
Long-term debt 4,191 3,416
Long-term operating lease liabilities 2,078 2,140
Other non-current liabilities 731 757
Total liabilities exclusive of liabilities under vehicle programs 9,053 8,538
Liabilities under vehicle programs:    
Debt 1,777 3,132
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 5,080 7,936
Deferred income taxes 1,383 2,189
Other 400 675
Total Liabilities under vehicle programs 8,640 13,932
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 6,668 6,741
Accumulated deficit (1,470) (785)
Accumulated other comprehensive loss (187) (157)
Treasury stock, at cost—67 and 63 shares, respectively (5,167) (5,144)
Total stockholders’ equity (155) 656
Total liabilities and stockholders’ equity $ 17,538 $ 23,126