Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

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

		Year Ended December 31,
		2021		2020		2019
Net income (loss) attributable to Avis Budget Group, Inc. for basic and diluted EPS		$	1,285	$	(684)	$	302
Basic weighted average shares outstanding		64.9		70.5		75.2
Options and non-vested stock		1.2		—		0.5
Diluted weighted average shares outstanding		66.1		70.5		75.7
Earnings (loss) per share:
	Basic	$	19.79	$	(9.71)	$	4.01
	Diluted	$	19.44	$	(9.71)	$	3.98

Outstanding Common Stock Equivalents That Were Anti-Dilutive

The following table summarizes our outstanding common stock equivalents that were anti-dilutive and therefore excluded from the computation of diluted EPS (shares in millions): 

	As of December 31,
	2021	2020	2019
Non-vested stock (a)	—	1.2	0.5

__________

(a)The weighted average grant date fair value for anti-dilutive non-vested stock for 2020 and 2019 was $26.20 and $39.48, respectively.