CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 516	$ 534
Receivables, net	873	838
Other current assets	751	662
Total current assets	2,140	2,034
Property and equipment, net	686	697
Operating lease right-of-use assets	3,167	3,057
Deferred income taxes	1,738	1,786
Goodwill	1,091	1,071
Other intangibles, net	598	601
Other non-current assets	410	422
Total assets exclusive of assets under vehicle programs	9,830	9,668
Assets under vehicle programs:
Program cash	87	60
Vehicles, net	17,522	17,619
Receivables from vehicle manufacturers and other	310	386
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	1,295	1,308
Total assets under vehicle programs	19,214	19,373
Total assets	29,044	29,041
Current liabilities:
Accounts payable and other current liabilities	2,860	2,700
Short-term debt and current portion of long-term debt	508	20
Total current liabilities	3,368	2,720
Long-term debt	5,429	5,373
Long-term operating lease liabilities	2,593	2,484
Other non-current liabilities	482	470
Total liabilities exclusive of liabilities under vehicle programs	11,872	11,047
Liabilities under vehicle programs:
Debt	3,445	3,453
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	13,794	14,083
Deferred income taxes	2,176	2,442
Other	568	333
Total liabilities under vehicle programs	19,983	20,311
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding, in each period	0	0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, in each period	1	1
Additional paid-in capital	6,612	6,620
Retained earnings	1,524	2,029
Accumulated other comprehensive loss	(202)	(210)
Treasury stock, at cost—102 shares, in each period	(10,757)	(10,767)
Stockholders’ equity attributable to Avis Budget Group, Inc.	(2,822)	(2,327)
Non-controlling interests	11	10
Total stockholders’ equity	(2,811)	(2,317)
Total liabilities and stockholders’ equity	$ 29,044	$ 29,041