Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Purchase Price Allocation

The following summarizes the allocation of the purchase price of Avis Europe:

Cash	$	136
Receivables		245
Other current assets		213
Property and equipment		91
Deferred income taxes		27
Other intangibles		254
Other non-current assets		31
Vehicles		1,706
Receivables from vehicle manufacturers and other		282
Total identifiable assets acquired		2,985
Accounts payable and other current liabilities		(552)
Debt		(763)
Other non-current liabilities		(322)
Liabilities under vehicles program – debt		(779)
Total liabilities assumed		(2,416)
Net assets acquired		569
Goodwill		290
Non-cash charge related to the reacquired unfavorable license rights		117
Total	$	976

Pro Forma Summary of Acquisition

	(unaudited) Pro Forma Summary for the Year Ended December  31,
	2011		2010
Net revenues	$	7,259	$	6,768
Net income		234		(133)
Earnings per share – Diluted		1.82		(1.29)