XML 31 R77.htm IDEA: XBRL DOCUMENT v2.4.0.6
Guarantor And Non-Guarantor Consolidating Condensed Financial Statements (Consolidating Condensed Balance Sheets) (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Sep. 30, 2011
Dec. 31, 2010
Current assets:        
Cash and cash equivalents $ 554 $ 534 $ 1,002 $ 911
Receivables, net 640 507    
Deferred income taxes 205 120    
Other current assets 527 380    
Total current assets 1,926 1,541    
Property and equipment, net 499 493    
Deferred income taxes 1,265 444    
Goodwill 348 353    
Other intangibles, net 708 713    
Other non-current assets 249 304    
Total assets exclusive of assets under vehicle programs 4,995 3,848    
Assets under vehicle programs:        
Program cash 101 11    
Vehicles, net 10,343 8,356    
Receivables from vehicle manufacturers and other 575 380    
Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party 362 343    
Total Assets under vehicle programs 11,381 9,090    
Total assets 16,376 12,938    
Current liabilities:        
Accounts payable and other current liabilities 1,576 1,433    
Short-term debt and current portion of long-term debt 81 37    
Total current liabilities 1,657 1,470    
Long-term debt 2,886 3,168    
Other non-current liabilities 843 960    
Total liabilities exclusive of liabilities under vehicle programs 5,386 5,598    
Liabilities under vehicle programs:        
Debt 2,062 990    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 5,813 4,574    
Deferred income taxes 2,017 982    
Other 307 382    
Total Liabilities under vehicle programs 10,199 6,928    
Total stockholders' equity 791 412    
Total liabilities and stockholders' equity 16,376 12,938    
Parent [Member]
       
Current assets:        
Cash and cash equivalents 4 2 2 257
Deferred income taxes 8 8    
Other current assets 6 7    
Total current assets 18 17    
Deferred income taxes 22 36    
Other non-current assets 112 124    
Intercompany receivables (payables) 246 348    
Investment in subsidiaries 661 376    
Total assets exclusive of assets under vehicle programs 1,059 901    
Assets under vehicle programs:        
Total assets 1,059 901    
Current liabilities:        
Accounts payable and other current liabilities 18 32    
Total current liabilities 18 32    
Long-term debt 144 345    
Other non-current liabilities 106 112    
Total liabilities exclusive of liabilities under vehicle programs 268 489    
Liabilities under vehicle programs:        
Total stockholders' equity 791 412    
Total liabilities and stockholders' equity 1,059 901    
Subsidiary Issuers [Member]
       
Current assets:        
Cash and cash equivalents 52 234 688 513
Receivables, net   61    
Deferred income taxes 65      
Other current assets 110 63    
Total current assets 227 358    
Property and equipment, net 81 70    
Deferred income taxes 1,024 177    
Other intangibles, net 43 44    
Other non-current assets 65 92    
Intercompany receivables (payables) 957 1,158    
Investment in subsidiaries 1,925 1,769    
Total assets exclusive of assets under vehicle programs 4,322 3,668    
Assets under vehicle programs:        
Vehicles, net 5 6    
Total Assets under vehicle programs 5 6    
Total assets 4,327 3,674    
Current liabilities:        
Accounts payable and other current liabilities 789 284    
Short-term debt and current portion of long-term debt 46 8    
Total current liabilities 835 292    
Long-term debt 2,733 2,814    
Other non-current liabilities 97 211    
Total liabilities exclusive of liabilities under vehicle programs 3,665 3,317    
Liabilities under vehicle programs:        
Debt   3    
Other 1      
Total Liabilities under vehicle programs 1 3    
Total stockholders' equity 661 354    
Total liabilities and stockholders' equity 4,327 3,674    
Guarantor Subsidiaries [Member]
       
Current assets:        
Cash and cash equivalents   1 2 3
Receivables, net 183 140    
Deferred income taxes 129 129    
Other current assets 65 76    
Total current assets 377 346    
Property and equipment, net 273 295    
Deferred income taxes 223 229    
Goodwill 74 74    
Other intangibles, net 341 342    
Other non-current assets 7 5    
Intercompany receivables (payables) (468) (1,071)    
Investment in subsidiaries 3,284 3,192    
Total assets exclusive of assets under vehicle programs 4,111 3,412    
Assets under vehicle programs:        
Vehicles, net 14 4    
Total Assets under vehicle programs 14 4    
Total assets 4,125 3,416    
Current liabilities:        
Accounts payable and other current liabilities 43 531    
Short-term debt and current portion of long-term debt 3 2    
Total current liabilities 46 533    
Long-term debt 8 9    
Other non-current liabilities 268 262    
Total liabilities exclusive of liabilities under vehicle programs 322 804    
Liabilities under vehicle programs:        
Deferred income taxes 1,878 843    
Total Liabilities under vehicle programs 1,878 843    
Total stockholders' equity 1,925 1,769    
Total liabilities and stockholders' equity 4,125 3,416    
Non-Guarantor Subsidiaries [Member]
       
Current assets:        
Cash and cash equivalents 498 297 310 138
Receivables, net 457 306    
Deferred income taxes 3 3    
Other current assets 346 251    
Total current assets 1,304 857    
Property and equipment, net 145 128    
Deferred income taxes   2    
Goodwill 274 279    
Other intangibles, net 324 327    
Other non-current assets 65 83    
Intercompany receivables (payables) (735) (435)    
Total assets exclusive of assets under vehicle programs 1,377 1,241    
Assets under vehicle programs:        
Program cash 101 11    
Vehicles, net 10,324 8,346    
Receivables from vehicle manufacturers and other 575 380    
Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party 362 343    
Total Assets under vehicle programs 11,362 9,080    
Total assets 12,739 10,321    
Current liabilities:        
Accounts payable and other current liabilities 726 620    
Short-term debt and current portion of long-term debt 32 27    
Total current liabilities 758 647    
Long-term debt 1      
Other non-current liabilities 376 375    
Total liabilities exclusive of liabilities under vehicle programs 1,135 1,022    
Liabilities under vehicle programs:        
Debt 2,062 987    
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party 5,813 4,574    
Deferred income taxes 139 139    
Other 306 382    
Total Liabilities under vehicle programs 8,320 6,082    
Total stockholders' equity 3,284 3,217    
Total liabilities and stockholders' equity 12,739 10,321    
Eliminations [Member]
       
Current assets:        
Deferred income taxes   (20)    
Other current assets   (17)    
Total current assets   (37)    
Deferred income taxes (4)      
Investment in subsidiaries (5,870) (5,337)    
Total assets exclusive of assets under vehicle programs (5,874) (5,374)    
Assets under vehicle programs:        
Total assets (5,874) (5,374)    
Current liabilities:        
Accounts payable and other current liabilities   (34)    
Total current liabilities   (34)    
Other non-current liabilities (4)      
Total liabilities exclusive of liabilities under vehicle programs (4) (34)    
Liabilities under vehicle programs:        
Total stockholders' equity (5,870) (5,340)    
Total liabilities and stockholders' equity $ (5,874) $ (5,374)