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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 Other Comprehensive Income (Loss)
Treasury Stock
Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2022     137,100          
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             (97,600)  
Comprehensive income (loss):                
Net income (loss) 748 747     747     1
Other comprehensive income (loss) 11 11       11    
Total comprehensive income (loss) 759 758     747 11   1
Net activity related to restricted stock units (in shares)             300  
Net activity related to restricted stock units $ (38) (38)   (41)     $ 3  
Repurchases of common stock (in shares) (723)           (700)  
Repurchases of common stock $ (146) (146)         $ (146)  
Ending balance (in shares) at Jun. 30, 2023     137,100          
Ending balance at Jun. 30, 2023 (125) (129) $ 1 6,625 3,326 (90) $ (9,991) 4
Treasury stock, ending balance (in shares) at Jun. 30, 2023             (98,000)  
Beginning balance (in shares) at Mar. 31, 2023     137,100          
Beginning balance at Mar. 31, 2023 (441) (444) $ 1 6,620 2,891 (111) $ (9,845) 3
Treasury stock, beginning balance (in shares) at Mar. 31, 2023             (97,300)  
Comprehensive income (loss):                
Net income (loss) 436 435     435     1
Other comprehensive income (loss) 21 21       21    
Total comprehensive income (loss) 457 456     435 21   1
Net activity related to restricted stock units 5 5   5        
Repurchases of common stock (in shares)             (700)  
Repurchases of common stock (146) (146)         $ (146)  
Ending balance (in shares) at Jun. 30, 2023     137,100          
Ending balance at Jun. 30, 2023 (125) (129) $ 1 6,625 3,326 (90) $ (9,991) 4
Treasury stock, ending balance (in shares) at Jun. 30, 2023             (98,000)  
Beginning balance (in shares) at Dec. 31, 2023     137,100          
Beginning balance at Dec. 31, 2023 $ (343) (349) $ 1 6,634 3,854 (96) $ (10,742) 6
Treasury stock, beginning balance (in shares) at Dec. 31, 2023 (102,000)           (101,600)  
Comprehensive income (loss):                
Net income (loss) $ (98) (100)     (100)     2
Other comprehensive income (loss) (39) (39)       (39)    
Total comprehensive income (loss) (137) (139)     (100) (39)   2
Net activity related to restricted stock units (in shares)             200  
Net activity related to restricted stock units $ (2) (2)   (18) (3)   $ 19  
Repurchases of common stock (in shares) 0              
Ending balance (in shares) at Jun. 30, 2024     137,100          
Ending balance at Jun. 30, 2024 $ (482) (490) $ 1 6,616 3,751 (135) $ (10,723) 8
Treasury stock, ending balance (in shares) at Jun. 30, 2024 (101,000)           (101,400)  
Beginning balance (in shares) at Mar. 31, 2024     137,100          
Beginning balance at Mar. 31, 2024 $ (508) (515) $ 1 6,610 3,738 (140) $ (10,724) 7
Treasury stock, beginning balance (in shares) at Mar. 31, 2024             (101,400)  
Comprehensive income (loss):                
Net income (loss) 15 14     14     1
Other comprehensive income (loss) 5 5       5    
Total comprehensive income (loss) 20 19     14 5   1
Net activity related to restricted stock units 6 6   6 (1)   $ 1  
Ending balance (in shares) at Jun. 30, 2024     137,100          
Ending balance at Jun. 30, 2024 $ (482) $ (490) $ 1 $ 6,616 $ 3,751 $ (135) $ (10,723) $ 8
Treasury stock, ending balance (in shares) at Jun. 30, 2024 (101,000)           (101,400)