Debt Under Vehicle Programs and Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2012

Debt under vehicle programs (including related party debt due to Avis Budget Rental Car Funding (AESOP) LLC (“Avis Budget Rental Car Funding”)) consisted of:


	As of December 31,
	2012		2011
Debt due to Avis Budget Rental Car Funding ^(a)	$	5,203	$	4,574
Budget Truck financing ^(b)		253		188
Capital leases ^(c)		315		348
Other ^(d)		1,035		454

	$	6,806	$	5,564

^(a)

The increase reflects increased borrowing within U.S. operations to fund an increase in the Company’s U.S. car rental fleet assets.

^(b)

The increase reflects increased borrowings to fund 2012 vehicle purchases.

^(c)

The decrease reflects the payment of capital lease arrangements related to the Company’s International fleet.

^(d)

The increase primarily reflects an increase in borrowings related to the Company’s International fleet.

Schedule of Contractual Maturities

The following table provides the contractual maturities of the Company’s debt under vehicle programs (including related party debt due to Avis Budget Rental Car Funding) at December 31, 2012:


	Vehicle-Backed Debt
2013	$	756
2014		2,203
2015		1,343
2016		1,120
2017		927
Thereafter		457

	$	6,806

Schedule Of Available Funding Under Vehicle Program

As of December 31, 2012, available funding under the Company’s vehicle programs (including related party debt due to Avis Budget Rental Car Funding) consisted of:


	Total Capacity ^(a)		Outstanding Borrowings		Available Capacity
Debt due to Avis Budget Rental Car Funding	$	6,763	$	5,203	$	1,560
Budget Truck Funding financing		311		253		58
Capital leases		507		315		192
Other		1,772		1,035		737

	$	9,353	$	6,806	$	2,547

^(a)

Capacity is subject to maintaining sufficient assets to collateralize debt.