Earnings Per Share

9 Months Ended

Sep. 30, 2021

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) (shares in millions):


		Three Months Ended September 30,				Nine Months Ended September 30,
		2021		2020		2021		2020
Net income (loss) attributable to Avis Budget Group, Inc. for basic and diluted EPS		$	675	$	45	$	903	$	(594)

Basic weighted average shares outstanding		63.7		69.7		67.8		70.8
Non-vested stock (a)		0.9		0.5		0.8		—
Diluted weighted average shares outstanding		64.6		70.2		68.6		70.8

Earnings (loss) per share:
	Basic	$	10.58	$	0.64	$	13.31	$	(8.40)
	Diluted	$	10.45	$	0.63	$	13.16	$	(8.40)

__________

(a)For the three months ended September 30, 2020, 0.2 million, non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding. For the nine months ended September 30, 2021 and 2020, 0.4 million and 1.4 million, non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.