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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,324 $ 692
Receivables, net 797 647
Other current assets 615 456
Total current assets 2,736 1,795
Property and equipment, net 578 657
Operating lease right-of-use assets 2,407 2,560
Deferred income taxes 1,349 1,198
Goodwill 1,127 1,137
Other intangibles, net 739 774
Other non-current assets 281 244
Total assets exclusive of assets under vehicle programs 9,217 8,365
Assets under vehicle programs:    
Program cash 84 72
Vehicles, net 11,728 8,153
Receivables from vehicle manufacturers and other 215 281
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 769 667
Total assets under vehicle programs: 12,796 9,173
Total assets 22,013 17,538
Current liabilities:    
Accounts payable and other current liabilities 2,446 2,034
Short-term debt and current portion of long-term debt 21 19
Total current liabilities 2,467 2,053
Long-term debt 4,277 4,191
Long-term operating lease liabilities 1,947 2,078
Other non-current liabilities 667 731
Total liabilities exclusive of liabilities under vehicle programs 9,358 9,053
Liabilities under vehicle programs:    
Debt 2,235 1,777
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 8,173 5,080
Deferred income taxes 1,537 1,383
Other 618 400
Total Liabilities under vehicle programs 12,563 8,640
Commitments and contingencies (Note 12)
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 6,646 6,668
Accumulated deficit (1,242) (1,470)
Accumulated other comprehensive loss (161) (187)
Treasury stock, at cost— 67 shares, respectively (5,152) (5,167)
Total stockholders’ equity 92 (155)
Total liabilities and stockholders’ equity $ 22,013 $ 17,538