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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 886 $ 692
Receivables, net 813 647
Other current assets 568 456
Total current assets 2,267 1,795
Property and equipment, net 540 657
Operating lease right-of-use assets 2,309 2,560
Deferred income taxes 1,309 1,198
Goodwill 1,114 1,137
Other intangibles, net 738 774
Other non-current assets 311 244
Total assets exclusive of assets under vehicle programs 8,588 8,365
Assets under vehicle programs:    
Program cash 55 72
Vehicles, net 11,925 8,153
Receivables from vehicle manufacturers and other 249 281
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 793 667
Total assets under vehicle programs 13,022 9,173
Total Assets 21,610 17,538
Current liabilities:    
Accounts payable and other current liabilities 2,480 2,034
Short-term debt and current portion of long-term debt 18 19
Total current liabilities 2,498 2,053
Long-term debt 4,009 4,191
Long-term operating lease liabilities 1,862 2,078
Other non-current liabilities 658 731
Total liabilities exclusive of liabilities under vehicle programs 9,027 9,053
Liabilities under vehicle programs:    
Debt 2,632 1,777
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 8,117 5,080
Deferred income taxes 1,734 1,383
Other 298 400
Total liabilities under vehicle programs 12,781 8,640
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 6,673 6,668
Accumulated deficit (567) (1,470)
Accumulated other comprehensive loss (176) (187)
Treasury stock, at cost— 79 and 67 shares, respectively (6,142) (5,167)
Stockholders’ equity attributable to Avis Budget Group, Inc. (211) (155)
Non-controlling interests 13 0
Total stockholders’ equity (198) (155)
Total Liabilities and Stockholders’ Equity $ 21,610 $ 17,538