XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.3
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 Other Comprehensive Income (Loss)
Treasury Stock
Non-controlling Interests
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             (97.6)  
Comprehensive income (loss):                
Net income 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             (100.2)  
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 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) [2]             (2.2)  
Repurchases of common stock [2] (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             (100.2)  
Beginning balance (in shares) at Dec. 31, 2023     137.1          
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 (102.0)           (101.6)  
Comprehensive income (loss):                
Net income $ 140 137     137     3
Other comprehensive income (loss) (16) (16)       (16)    
Total comprehensive income (loss) 124 121     137 (16)   3
Net activity related to restricted stock units (in shares)             0.2  
Net activity related to restricted stock units $ (2) (2)   (19) (3)   $ 20  
Repurchases of common stock (in shares) (0.1)           (0.1)  
Repurchases of common stock $ (8) (8)         $ (8)  
Ending balance (in shares) at Sep. 30, 2024     137.1          
Ending balance at Sep. 30, 2024 $ (229) (238) $ 1 6,615 3,988 (112) $ (10,730) 9
Treasury stock, ending balance (in shares) at Sep. 30, 2024 (102.0)           (101.5)  
Beginning balance (in shares) at Jun. 30, 2024     137.1          
Beginning balance at Jun. 30, 2024 $ (482) (490) $ 1 6,616 3,751 (135) $ (10,723) 8
Treasury stock, beginning balance (in shares) at Jun. 30, 2024             (101.4)  
Comprehensive income (loss):                
Net income 238 237     237     1
Other comprehensive income (loss) 23 23       23    
Total comprehensive income (loss) 261 260     237 23   1
Net activity related to restricted stock units 0     (1)     $ 1  
Repurchases of common stock (in shares)             (0.1)  
Repurchases of common stock (8) (8)         $ (8)  
Ending balance (in shares) at Sep. 30, 2024     137.1          
Ending balance at Sep. 30, 2024 $ (229) $ (238) $ 1 $ 6,615 $ 3,988 $ (112) $ (10,730) $ 9
Treasury stock, ending balance (in shares) at Sep. 30, 2024 (102.0)           (101.5)  
[1] Amount includes excise taxes due under the Inflation Reduction Act of 2022.
[2] Amount includes excise taxes due under the Inflation Reduction Act of 2022.