CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities
Net income	$ 312	$ 527
Adjustments to reconcile net income to net cash provided by operating activities:
Vehicle depreciation	477	381
Amortization of right-of-use assets	251	194
(Gain) loss on sale of vehicles, net	(250)	(303)
Non-vehicle related depreciation and amortization	56	58
Stock-based compensation	8	6
Amortization of debt financing fees	9	8
Net change in assets and liabilities:
Receivables	34	9
Income taxes and deferred income taxes	66	158
Accounts payable and other current liabilities	82	303
Operating lease liabilities	(250)	(195)
Other, net	24	2
Net cash provided by operating activities	819	1,148
Investing activities
Property and equipment additions	(44)	(37)
Proceeds received on asset sales	0	1
Net assets acquired (net of cash acquired)	(3)	(1)
Other, net	0	23
Net cash used in investing activities exclusive of vehicle programs	(47)	(14)
Vehicle programs:
Investment in vehicles	(3,880)	(2,727)
Proceeds received on disposition of vehicles	2,283	1,616
Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party	(105)	(84)
Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party	71	44
Net cash used in investing activities of vehicle programs	(1,631)	(1,151)
Net cash used in investing activities	(1,678)	(1,165)
Financing activities
Proceeds from long-term borrowings	0	729
Payments on long-term borrowings	(7)	(5)
Net change in short-term borrowings	2	0
Repurchases of common stock	(51)	(1,299)
Debt financing fees	(2)	(6)
Net cash used in financing activities exclusive of vehicle programs	(58)	(581)
Vehicle programs:
Proceeds from borrowings	5,270	4,016
Payments on borrowings	(4,359)	(3,403)
Debt financing fees	(12)	(2)
Net cash provided by financing activities of vehicle programs	899	611
Net cash provided by financing activities	841	30
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash	5	(2)
Net (decrease) increase in cash and cash equivalents, program and restricted cash	(13)	11
Cash and cash equivalents, program and restricted cash, beginning of period	642	626
Cash and cash equivalents, program and restricted cash, end of period	$ 629	$ 637