Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

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 June 30,				Six Months Ended June 30,
		2023		2022		2023		2022
Net income attributable to Avis Budget Group, Inc. for basic and diluted EPS		$	435	$	778	$	747	$	1,307
Basic weighted average shares outstanding		39.1		48.5		39.0		50.8
Non-vested stock (a)		0.4		1.0		0.5		1.2
Diluted weighted average shares outstanding		39.5		49.5		39.5		52.0
Earnings per share:
	Basic	$	11.13	$	16.05	$	19.16	$	25.74
	Diluted	$	11.01	$	15.71	$	18.93	$	25.14

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(a)    For the three and six months ended June 30, 2023, 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 six months ended June 30, 2022, 0.1 million non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.