CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Operating activities
Net loss	$ (504)	$ (113)
Adjustments to reconcile net loss to net cash provided by operating activities:
Vehicle depreciation	693	562
Amortization of right-of-use assets	262	302
(Gain) loss on sale of vehicles, net	334	39
Vehicle related reserves	101	96
Non-vehicle related depreciation and amortization	56	61
Stock-based compensation	6	7
Amortization of debt financing fees	12	12
Net change in assets and liabilities:
Receivables	40	(8)
Income taxes and deferred income taxes	(183)	(34)
Accounts payable and other current liabilities	95	46
Operating lease liabilities	(263)	(299)
Other, net	(30)	(82)
Net cash provided by operating activities	619	589
Investing activities
Property and equipment additions	(34)	(53)
Proceeds received on asset sales	1	1
Net assets acquired (net of cash acquired)	0	(1)
Net cash used in investing activities exclusive of vehicle programs	(33)	(53)
Vehicle programs:
Investment in vehicles	(3,785)	(4,081)
Proceeds received on disposition of vehicles	3,090	2,610
Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party	(384)	(254)
Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party	397	260
Net cash used in investing activities of vehicle programs	(682)	(1,465)
Net cash used in investing activities	(715)	(1,518)
Financing activities
Proceeds from long-term borrowings	500	651
Payments on long-term borrowings	(18)	(10)
Repurchases of common stock	(3)	(15)
Debt financing fees	(2)	(11)
Net cash provided by financing activities exclusive of vehicle programs	477	615
Vehicle programs:
Proceeds from borrowings	6,926	6,614
Payments on borrowings	(7,303)	(6,296)
Debt financing fees	(2)	(36)
Net cash provided by financing activities of vehicle programs	(379)	282
Net cash provided by financing activities	98	897
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash	8	(13)
Net increase (decrease) in cash and cash equivalents, program and restricted cash	10	(45)
Cash and cash equivalents, program and restricted cash, beginning of period	597	644
Cash and cash equivalents, program and restricted cash, end of period	$ 607	$ 599