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CONSOLIDATED CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Stockholders’ Equity Attributable to Avis Budget Group, Inc.
Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2020     137,100          
Beginning balance at Dec. 31, 2020 $ (155) $ (155) $ 1 $ 6,668 $ (1,470) $ (187) $ (5,167) $ 0
Treasury stock, beginning balance (in shares) at Dec. 31, 2020             (67,300)  
Comprehensive income:                
Net income 902 903     903     (1)
Other comprehensive income (loss) 11 11       11    
Comprehensive income attributable to Avis Budget Group, Inc. 913 914     903 11   (1)
Contributions from non-controlling interests 38 24   24       14
Net activity related to restricted stock units (in shares)             300  
Net activity related to restricted stock units 10 10   (19)     $ 29  
Repurchases of common stock (in shares)             (11,700)  
Repurchases of common stock (1,004) (1,004)         $ (1,004)  
Ending balance (in shares) at Sep. 30, 2021     137,100          
Ending balance at Sep. 30, 2021 (198) (211) $ 1 6,673 (567) (176) $ (6,142) 13
Treasury stock, ending balance (in shares) at Sep. 30, 2021             (78,700)  
Beginning balance (in shares) at Dec. 31, 2020     137,100          
Beginning balance at Dec. 31, 2020 (155) (155) $ 1 6,668 (1,470) (187) $ (5,167) 0
Treasury stock, beginning balance (in shares) at Dec. 31, 2020             (67,300)  
Ending balance (in shares) at Dec. 31, 2021     137,100          
Ending balance at Dec. 31, 2021 $ (209) (220) $ 1 6,676 (185) (133) $ (6,579) 11
Treasury stock, ending balance (in shares) at Dec. 31, 2021 (81,000)           (81,200)  
Beginning balance (in shares) at Jun. 30, 2021     137,100          
Beginning balance at Jun. 30, 2021 $ 92 92 $ 1 6,646 (1,242) (161) $ (5,152) 0
Treasury stock, beginning balance (in shares) at Jun. 30, 2021             (67,100)  
Comprehensive income:                
Net income 674 675     675     (1)
Other comprehensive income (loss) (15) (15)       (15)    
Comprehensive income attributable to Avis Budget Group, Inc. 659 660     675 (15)   (1)
Contributions from non-controlling interests 38 24   24       14
Net activity related to restricted stock units (in shares)             0  
Net activity related to restricted stock units 7 7   3     $ 4  
Repurchases of common stock (in shares)             (11,600)  
Repurchases of common stock (994) (994)         $ (994)  
Ending balance (in shares) at Sep. 30, 2021     137,100          
Ending balance at Sep. 30, 2021 (198) (211) $ 1 6,673 (567) (176) $ (6,142) 13
Treasury stock, ending balance (in shares) at Sep. 30, 2021             (78,700)  
Beginning balance (in shares) at Dec. 31, 2021     137,100          
Beginning balance at Dec. 31, 2021 $ (209) (220) $ 1 6,676 (185) (133) $ (6,579) 11
Treasury stock, beginning balance (in shares) at Dec. 31, 2021 (81,000)           (81,200)  
Comprehensive income:                
Net income $ 2,332 2,341     2,341     (9)
Other comprehensive income (loss) (52) (52)       (52)    
Comprehensive income attributable to Avis Budget Group, Inc. 2,280 2,289     2,341 (52)   (9)
Contributions from non-controlling interests 40 40   40       0
Net activity related to restricted stock units (in shares)             300  
Net activity related to restricted stock units (42) (42)   (40)     $ (2)  
Repurchases of common stock (in shares)             (13,200)  
Repurchases of common stock (2,576) (2,576)         $ (2,576)  
Ending balance (in shares) at Sep. 30, 2022     137,100          
Ending balance at Sep. 30, 2022 $ (507) (509) $ 1 6,676 2,156 (185) $ (9,157) 2
Treasury stock, ending balance (in shares) at Sep. 30, 2022 (94,000)           (94,100)  
Beginning balance (in shares) at Jun. 30, 2022     137,100          
Beginning balance at Jun. 30, 2022 $ (649) (654) $ 1 6,643 1,122 (130) $ (8,290) 5
Treasury stock, beginning balance (in shares) at Jun. 30, 2022             (88,800)  
Comprehensive income:                
Net income 1,031 1,034     1,034     (3)
Other comprehensive income (loss) (55) (55)       (55)    
Comprehensive income attributable to Avis Budget Group, Inc. 976 979     1,034 (55)   (3)
Contributions from non-controlling interests 40 40   40        
Net activity related to restricted stock units (6) (6)   (7)     $ 1  
Repurchases of common stock (in shares)             (5,300)  
Repurchases of common stock (868) (868)         $ (868)  
Ending balance (in shares) at Sep. 30, 2022     137,100          
Ending balance at Sep. 30, 2022 $ (507) $ (509) $ 1 $ 6,676 $ 2,156 $ (185) $ (9,157) $ 2
Treasury stock, ending balance (in shares) at Sep. 30, 2022 (94,000)           (94,100)