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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, 2021     137,100          
Beginning balance at Dec. 31, 2021 $ (209.0) $ (220.0) $ 1.0 $ 6,676.0 $ (185.0) $ (133.0) $ (6,579.0) $ 11.0
Treasury stock, beginning balance (in shares) at Dec. 31, 2021             (81,200)  
Comprehensive income:                
Net income (loss) 1,301.0 1,307.0     1,307.0     (6.0)
Other comprehensive income (loss) 3.0 3.0       3.0    
Total comprehensive Income (loss) 1,304.0 1,310.0     1,307.0 3.0   (6.0)
Net activity related to restricted stock units (in shares)             300  
Net activity related to restricted stock units (36.0) (36.0)   (33.0)     $ (3.0)  
Repurchases of common stock (in shares)             (7,900)  
Repurchases of common stock (1,708.0) (1,708.0)         $ (1,708.0)  
Ending balance (in shares) at Jun. 30, 2022     137,100          
Ending balance at Jun. 30, 2022 (649.0) (654.0) $ 1.0 6,643.0 1,122.0 (130.0) $ (8,290.0) 5.0
Treasury stock, ending balance (in shares) at Jun. 30, 2022             (88,800)  
Beginning balance (in shares) at Mar. 31, 2022     137,100          
Beginning balance at Mar. 31, 2022 (983.0) (992.0) $ 1.0 6,646.0 344.0 (94.0) $ (7,889.0) 9.0
Treasury stock, beginning balance (in shares) at Mar. 31, 2022             (87,400)  
Comprehensive income:                
Net income (loss) 774.0 778.0     778.0     (4.0)
Other comprehensive income (loss) (36.0) (36.0)       (36.0)    
Total comprehensive Income (loss) 738.0 742.0     778.0 (36.0)   (4.0)
Net activity related to restricted stock units (in shares)             100  
Net activity related to restricted stock units (3.0) (3.0)   (3.0)     $ 0.0  
Repurchases of common stock (in shares)             (1,500)  
Repurchases of common stock (401.0) (401.0)         $ (401.0)  
Ending balance (in shares) at Jun. 30, 2022     137,100          
Ending balance at Jun. 30, 2022 (649.0) (654.0) $ 1.0 6,643.0 1,122.0 (130.0) $ (8,290.0) 5.0
Treasury stock, ending balance (in shares) at Jun. 30, 2022             (88,800)  
Beginning balance (in shares) at Dec. 31, 2022     137,100          
Beginning balance at Dec. 31, 2022 $ (700.0) (703.0) $ 1.0 6,666.0 2,579.0 (101.0) $ (9,848.0) 3.0
Treasury stock, beginning balance (in shares) at Dec. 31, 2022 (98,000)           (97,600)  
Comprehensive income:                
Net income (loss) $ 748.0 747.0     747.0     1.0
Other comprehensive income (loss) 11.0 11.0       11.0    
Total comprehensive Income (loss) 759.0 758.0     747.0 11.0   1.0
Net activity related to restricted stock units (in shares)             300  
Net activity related to restricted stock units $ (38.0) (38.0)   (41.0)     $ 3.0  
Repurchases of common stock (in shares) (723)           (700)  
Repurchases of common stock $ (146.1) (146.0)         $ (146.0)  
Ending balance (in shares) at Jun. 30, 2023     137,100          
Ending balance at Jun. 30, 2023 $ (125.0) (129.0) $ 1.0 6,625.0 3,326.0 (90.0) $ (9,991.0) 4.0
Treasury stock, ending balance (in shares) at Jun. 30, 2023 (97,000)           (98,000)  
Beginning balance (in shares) at Mar. 31, 2023     137,100          
Beginning balance at Mar. 31, 2023 $ (441.0) (444.0) $ 1.0 6,620.0 2,891.0 (111.0) $ (9,845.0) 3.0
Treasury stock, beginning balance (in shares) at Mar. 31, 2023             (97,300)  
Comprehensive income:                
Net income (loss) 436.0 435.0     435.0     1.0
Other comprehensive income (loss) 21.0 21.0       21.0    
Total comprehensive Income (loss) 457.0 456.0     435.0 21.0   1.0
Net activity related to restricted stock units (in shares)             0  
Net activity related to restricted stock units 5.0 5.0   5.0     $ 0.0  
Repurchases of common stock (in shares)             (700)  
Repurchases of common stock (146.0) (146.0)         $ (146.0)  
Ending balance (in shares) at Jun. 30, 2023     137,100          
Ending balance at Jun. 30, 2023 $ (125.0) $ (129.0) $ 1.0 $ 6,625.0 $ 3,326.0 $ (90.0) $ (9,991.0) $ 4.0
Treasury stock, ending balance (in shares) at Jun. 30, 2023 (97,000)           (98,000)