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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenues $ 3,123 $ 3,244 $ 5,680 $ 5,676
Expenses        
Operating 1,475 1,349 2,782 2,496
Vehicle depreciation and lease charges, net 375 234 640 345
Selling, general and administrative 378 359 702 642
Vehicle interest, net 172 97 305 174
Non-vehicle related depreciation and amortization 52 51 108 109
Interest expense related to corporate debt, net:        
Interest expense 68 64 141 117
Restructuring and other related charges 1 6 5 14
Transaction-related costs, net 0 1 0 1
Other (income) expense, net 4 0 2 0
Total expenses 2,525 2,161 4,685 3,898
Income before income taxes 598 1,083 995 1,778
Provision for income taxes 162 309 247 477
Net income 436 774 748 1,301
Less: net income (loss) attributable to non-controlling interests 1 (4) 1 (6)
Net income attributable to Avis Budget Group, Inc. 435 778 747 1,307
Comprehensive income attributable to Avis Budget Group, Inc. $ 456 $ 742 $ 758 $ 1,310
Earnings per share        
Basic (in usd per share) $ 11.13 $ 16.05 $ 19.16 $ 25.74
Diluted (in usd per share) $ 11.01 $ 15.71 $ 18.93 $ 25.14