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Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net income (loss) $ 290 $ (29) [1] $ 54
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Vehicle depreciation 1,438 1,395 1,277
Gain on sale of vehicles, net (97) (234) (24)
Non-vehicle related depreciation and amortization 125 95 90
Deferred income taxes 128 32 (20)
Amortization of debt financing fees 57 78 50
Non-cash charge on unfavorable license rights reacquired with the acquisition of Avis Europe plc   117  
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:      
Receivables (65) 29 (20)
Income taxes (183) (18) (104)
Accounts payable and other current liabilities (28) 20 108
Reimbursement from Realogy and Wyndham for taxes paid     114
Reimbursement from Wyndham for tax attributes     89
Other, net 224 93 26
Net cash provided by operating activities 1,889 1,578 1,640
Investing activities      
Property and equipment additions (132) (65) (61)
Proceeds received on asset sales 21 14 14
Net assets acquired (net of cash acquired) (69) (841) (2)
Other, net (9) (7) (6)
Net cash used in investing activities exclusive of vehicle programs (189) (899) (55)
Vehicle programs:      
Decrease (increase) in program cash (13) (11) 162
Investment in vehicles (11,067) (8,659) (8,031)
Proceeds received on disposition of vehicles 9,196 7,196 6,319
Investment in debt securities of Avis Budget Rental Car Funding (AESOP)-related party   (400) (570)
Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP)-related party   400 570
Other, net     2
Net cash used in investing activities of vehicle programs (1,884) (1,474) (1,548)
Net cash used in investing activities (2,073) (2,373) (1,603)
Financing activities      
Proceeds from long-term borrowings 1,152 682 1,046
Payments on long-term borrowings (1,501) (668) (688)
Net change in short-term borrowings 10 (97)  
Debt financing fees (16) (78) (46)
Purchases of warrants (29)    
Proceeds from sale of call options 43    
Other, net 1 1 10
Net cash provided by (used in) financing activities exclusive of vehicle programs (340) (160) 322
Vehicle programs:      
Proceeds from borrowings 12,108 10,534 9,355
Payments on borrowings (11,490) (9,917) (9,152)
Net change in short-term borrowings     (110)
Debt financing fees (28) (33) (35)
Net cash provided by financing activities of vehicle programs 590 584 58
Net cash provided by financing activities 250 424 380
Effect of changes in exchange rates on cash and cash equivalents 6 (6) 12
Net increase (decrease) in cash and cash equivalents 72 (377) 429
Cash and cash equivalents, beginning of period 534 911 482
Cash and cash equivalents, end of period 606 534 911
Supplemental Disclosure      
Interest payments 552 465 483
Income tax payments, net $ 65 $ 51 $ 142
[1] As the Company incurred a net loss in 2011, all outstanding stock options, restricted stock units, stock warrants and issuable shares underlying the convertible notes have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding. Accordingly, basic and diluted weighted average shares outstanding are equal for such period.