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CONSOLIDATED CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ 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     137.1          
Beginning balance at Dec. 31, 2021 $ (209) $ (220) $ 1 $ 6,676 $ (185) $ (133) $ (6,579) $ 11
Treasury stock, beginning balance (in shares) at Dec. 31, 2021             (81.2)  
Comprehensive income (loss):                
Net income (loss) 2,332 2,341     2,341     (9)
Other comprehensive income (loss) (52) (52)       (52)    
Total comprehensive income (loss) 2,280 2,289     2,341 (52)   (9)
Contributions from non-controlling interests 40 40   40        
Net activity related to restricted stock units (in shares)             0.3  
Net activity related to restricted stock units (42) (42)   (40)     $ (2)  
Repurchases of common stock (in shares)             (13.2)  
Repurchases of common stock (2,576) (2,576)         $ (2,576)  
Ending balance (in shares) at Sep. 30, 2022     137.1          
Ending balance at Sep. 30, 2022 (507) (509) $ 1 6,676 2,156 (185) $ (9,157) 2
Treasury stock, ending balance (in shares) at Sep. 30, 2022             (94.1)  
Beginning balance (in shares) at Jun. 30, 2022     137.1          
Beginning balance at Jun. 30, 2022 (649) (654) $ 1 6,643 1,122 (130) $ (8,290) 5
Treasury stock, beginning balance (in shares) at Jun. 30, 2022             (88.8)  
Comprehensive income (loss):                
Net income (loss) 1,031 1,034     1,034     (3)
Other comprehensive income (loss) (55) (55)       (55)    
Total comprehensive income (loss) 976 979     1,034 (55)   (3)
Contributions from non-controlling interests 40 40   40        
Net activity related to restricted stock units (6) (6)   (7)     $ 1  
Repurchases of common stock (in shares)             (5.3)  
Repurchases of common stock (868) (868)         $ (868)  
Ending balance (in shares) at Sep. 30, 2022     137.1          
Ending balance at Sep. 30, 2022 (507) (509) $ 1 6,676 2,156 (185) $ (9,157) 2
Treasury stock, ending balance (in shares) at Sep. 30, 2022             (94.1)  
Beginning balance (in shares) at Dec. 31, 2022     137.1          
Beginning balance at Dec. 31, 2022 $ (700) (703) $ 1 6,666 2,579 (101) $ (9,848) 3
Treasury stock, beginning balance (in shares) at Dec. 31, 2022 (98.0)           (97.6)  
Comprehensive income (loss):                
Net income (loss) $ 1,375 1,373     1,373     2
Other comprehensive income (loss) (29) (29)       (29)    
Total comprehensive income (loss) 1,346 1,344     1,373 (29)   2
Net activity related to restricted stock units (in shares)             0.3  
Net activity related to restricted stock units $ (37) (37)   (40)     $ 3  
Repurchases of common stock (in shares) (2.9)           (2.9) [1]  
Repurchases of common stock [1] $ (637) (637)         $ (637)  
Ending balance (in shares) at Sep. 30, 2023     137.1          
Ending balance at Sep. 30, 2023 $ (28) (33) $ 1 6,626 3,952 (130) $ (10,482) 5
Treasury stock, ending balance (in shares) at Sep. 30, 2023 (100.0)           (100.2)  
Beginning balance (in shares) at Jun. 30, 2023     137.1          
Beginning balance at Jun. 30, 2023 $ (125) (129) $ 1 6,625 3,326 (90) $ (9,991) 4
Treasury stock, beginning balance (in shares) at Jun. 30, 2023             (98.0)  
Comprehensive income (loss):                
Net income (loss) 627 626     626     1
Other comprehensive income (loss) (40) (40)       (40)    
Total comprehensive income (loss) 587 586     626 (40)   1
Net activity related to restricted stock units 1 1   1        
Repurchases of common stock (in shares) [1]             (2.2)  
Repurchases of common stock [1] (491) (491)         $ (491)  
Ending balance (in shares) at Sep. 30, 2023     137.1          
Ending balance at Sep. 30, 2023 $ (28) $ (33) $ 1 $ 6,626 $ 3,952 $ (130) $ (10,482) $ 5
Treasury stock, ending balance (in shares) at Sep. 30, 2023 (100.0)           (100.2)  
[1] Amount includes excise taxes due under the Inflation Reduction Act of 2022.