Earnings Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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

		Year Ended December 31,
		2023		2022		2021
Net income attributable to Avis Budget Group, Inc. for basic and diluted EPS		$	1,632	$	2,764	$	1,285
Basic weighted average shares outstanding		38.3		47.3		64.9
Non-vested stock		0.5		1.1		1.2
Diluted weighted average shares outstanding		38.8		48.4		66.1
Earnings per share:
	Basic	$	42.57	$	58.41	$	19.79
	Diluted	$	42.08	$	57.16	$	19.44

Diluted EPS was computed using the treasury stock method for non-vested stock. The following table summarizes our outstanding common stock equivalents that were anti-dilutive and therefore excluded from the computation of diluted EPS (shares in millions):

	As of December 31,
	2023	2022	2021
Non-vested stock (a)	0.1	0.2	—

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(a)The weighted average grant date fair value for anti-dilutive non-vested stock for 2023 and 2022 was $198.92 and $177.70, respectively.