CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net income (loss)	$ 527	$ (170)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Vehicle depreciation	381	259
Amortization of right-of-use assets	194	236
(Gain) loss on sale of vehicles, net	(303)	(49)
Non-vehicle related depreciation and amortization	58	68
Stock-based compensation	6	4
Amortization of debt financing fees	8	8
Early extinguishment of debt costs	0	129
Net change in assets and liabilities:
Receivables	9	24
Income taxes and deferred income taxes	158	(80)
Accounts payable and other current liabilities	303	181
Operating lease liabilities	(195)	(234)
Other, net	2	(40)
Net cash provided by operating activities	1,148	336
Investing activities
Property and equipment additions	(37)	(12)
Proceeds received on asset sales	1	2
Net assets acquired (net of cash acquired)	(1)	(4)
Other, net	23	0
Net cash used in investing activities exclusive of vehicle programs	(14)	(14)
Vehicle programs:
Investment in vehicles	(2,727)	(3,032)
Proceeds received on disposition of vehicles	1,616	1,679
Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party	(84)	(24)
Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party	44	25
Net cash used in investing activities of vehicle programs	(1,151)	(1,352)
Net cash used in investing activities	(1,165)	(1,366)
Financing activities
Proceeds from long-term borrowings	729	1,100
Payments on long-term borrowings	(5)	(1,101)
Repurchases of common stock	(1,299)	(19)
Debt financing fees	(6)	(12)
Net cash used in financing activities exclusive of vehicle programs	(581)	(32)
Vehicle programs:
Proceeds from borrowings	4,016	3,481
Payments on borrowings	(3,403)	(2,535)
Debt financing fees	(2)	0
Net cash provided by financing activities of vehicle programs	611	946
Net cash provided by financing activities	30	914
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash	(2)	(10)
Net increase (decrease) in cash and cash equivalents, program and restricted cash	11	(126)
Cash and cash equivalents, program and restricted cash, beginning of period	626	765
Cash and cash equivalents, program and restricted cash, end of period	$ 637	$ 639