Earnings Per Share

9 Months Ended

Sep. 30, 2023

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) (shares in millions):


		Three Months Ended September 30,				Nine Months Ended September 30,
		2023		2022		2023		2022
Net income attributable to Avis Budget Group, Inc. for basic and diluted EPS		$	626	$	1,034	$	1,373	$	2,341

Basic weighted average shares outstanding		36.9		46.8		39.1		49.5
Non-vested stock (a)		0.4		0.9		0.4		1.1
Diluted weighted average shares outstanding		37.3		47.7		39.5		50.6

Earnings per share:
	Basic	$	16.96	$	22.08	$	35.11	$	47.34
	Diluted	$	16.78	$	21.67	$	34.71	$	46.32

________

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