CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities
Net income (loss)	$ (995)	$ (1,817)	$ 1,635
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Vehicle depreciation	2,657	2,658	2,228
Amortization of right-of-use assets	1,081	1,114	1,006
(Gain) loss on sale of vehicles, net	238	167	(656)
Vehicle related reserves	351	496	348
Non-vehicle related depreciation and amortization	231	237	216
Amortization of debt financing fees	52	46	40
Early extinguishment of debt costs	6	21	5
Long-lived asset impairment and other related charges	518	2,470	0
Deferred income taxes	(24)	(905)	191
Stock-based compensation	19	19	30
Net change in assets and liabilities:
Receivables	60	51	(43)
Income taxes	(31)	45	(81)
Accounts payable and other current liabilities	110	63	(72)
Operating lease liabilities	(1,082)	(1,097)	(1,002)
Other, net	105	(50)	(17)
Net cash provided by operating activities	3,296	3,518	3,828
Investing activities
Property and equipment additions	(218)	(202)	(273)
Proceeds received on asset sales	2	3	3
Net assets acquired (net of cash acquired)	0	(3)	(65)
Other, net	(9)	12	6
Net cash used in investing activities exclusive of vehicle programs	(225)	(190)	(329)
Vehicle programs:
Investment in vehicles	(15,056)	(9,860)	(15,185)
Proceeds received on disposition of vehicles	10,406	7,394	8,403
Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC —related party	(1,072)	(798)	(541)
Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP) LLC —related party	783	701	306
Vehicle programs	(4,939)	(2,563)	(7,017)
Net cash used in investing activities	(5,164)	(2,753)	(7,346)
Financing activities
Proceeds from borrowings (original maturities greater than three months)	1,580	1,569	936
Payments on borrowings (original maturities greater than three months)	(1,111)	(939)	(818)
Debt financing fees	(17)	(28)	(22)
Repurchases of common stock	(7)	(70)	(951)
Contributions from non-controlling interests	183	0	0
Dividends paid	0	0	(355)
Net cash provided by (used in) financing activities exclusive of vehicle programs	628	532	(1,210)
Vehicle programs:
Proceeds from borrowings	25,973	21,335	23,980
Payments on borrowings	(24,714)	(22,604)	(19,220)
Debt financing fees	(29)	(44)	(44)
Net cash provided by financing activities of vehicle programs	1,230	(1,313)	4,716
Net cash provided by (used in) financing activities	1,858	(781)	3,506
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash	31	(31)	14
Net increase (decrease) in cash and cash equivalents, program and restricted cash	21	(47)	2
Cash and cash equivalents, program and restricted cash, beginning of period	597	644	642
Cash and cash equivalents, program and restricted cash, end of period	618	597	644
Supplemental disclosure
Interest payments	1,297	1,273	988
Income tax payments, net of refunds	$ 121	$ 50	$ 169