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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of 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):


		Three Months Ended September 30,				Nine Months Ended September 30,
		2022		2021		2022		2021
Net income attributable to Avis Budget Group, Inc. for basic and diluted EPS		$	1,034	$	675	$	2,341	$	903

Basic weighted average shares outstanding		46.8		63.7		49.5		67.8
Non-vested stock (a)		0.9		0.9		1.1		0.8
Diluted weighted average shares outstanding		47.7		64.6		50.6		68.6

Earnings per share:
	Basic	$	22.08	$	10.58	$	47.34	$	13.31
	Diluted	$	21.67	$	10.45	$	46.32	$	13.16

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(a) For the three and nine months ended September 30, 2022, 0.1 million non-vested stock awards, in each period, 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, 0.4 million non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.