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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 579 $ 534
Receivables, net 871 775
Other current assets 615 538
Total current assets 2,065 1,847
Property and equipment, net 520 537
Operating lease right-of-use assets 2,293 2,368
Deferred income taxes 1,423 1,615
Goodwill 1,066 1,108
Other intangibles, net 685 724
Other non-current assets 393 382
Total assets exclusive of assets under vehicle programs 8,445 8,581
Assets under vehicle programs:    
Program cash 103 89
Vehicles, net 16,315 12,866
Receivables from vehicle manufacturers and other 247 222
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party 985 842
Total assets under vehicle programs 17,650 14,019
Total Assets 26,095 22,600
Current liabilities:    
Accounts payable and other current liabilities 2,744 2,389
Short-term debt and current portion of long-term debt 27 19
Total current liabilities 2,771 2,408
Long-term debt 4,624 3,990
Long-term operating lease liabilities 1,843 1,910
Other non-current liabilities 562 625
Total liabilities exclusive of liabilities under vehicle programs 9,800 8,933
Liabilities under vehicle programs:    
Debt 2,767 2,542
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party 11,331 8,848
Deferred income taxes 2,484 2,242
Other 362 244
Total liabilities under vehicle programs 16,944 13,876
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 6,643 6,676
Retained earnings (accumulated deficit) 1,122 (185)
Accumulated other comprehensive loss (130) (133)
Treasury stock, at cost— 89 and 81 shares, respectively (8,290) (6,579)
Stockholders’ equity attributable to Avis Budget Group, Inc. (654) (220)
Non-controlling interests 5 11
Total stockholders’ equity (649) (209)
Total Liabilities and Stockholders’ Equity $ 26,095 $ 22,600