Avis Budget (CAR) 10-Q 3 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	CAR
Entity Registrant Name	AVIS BUDGET GROUP, INC.
Entity Central Index Key	723,612
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		90,788,549

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues
Vehicle rental	$ 1,573	$ 1,533	$ 2,901	$ 2,852
Other	670	640	1,223	1,171
Net revenues	2,243	2,173	4,124	4,023
Expenses
Operating	1,122	1,092	2,162	2,077
Vehicle depreciation and lease charges, net	532	498	995	930
Selling, general and administrative	312	281	581	529
Vehicle interest, net	73	75	138	143
Non-vehicle related depreciation and amortization	65	56	126	105
Interest expense	56	45	106	97
Early extinguishment of debt	10	23	10	23
Restructuring expense	5	3	20	4
Transaction-related costs, net	5	18	9	49
Total expenses	2,180	2,091	4,147	3,957
Income (loss) before income taxes	63	82	(23)	66
Provision for (benefit from) income taxes	27	(61)	(8)	(68)
Net income (loss)	36	143	(15)	134
Comprehensive income	$ 40	$ 151	$ 59	$ 48
Earnings (loss) per share
Basic	$ 0.39	$ 1.36	$ (0.16)	$ 1.27
Diluted	$ 0.38	$ 1.34	$ (0.16)	$ 1.25

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 527	$ 452
Receivables, net	760	668
Other current assets	856	507
Total current assets	2,143	1,627
Property and equipment, net	683	681
Deferred income taxes	1,490	1,488
Goodwill	1,004	973
Other intangibles, net	896	917
Other non-current assets	244	232
Total assets exclusive of assets under vehicle programs	6,460	5,918
Assets under vehicle programs:
Program cash	182	258
Vehicles, net	13,227	10,658
Receivables from vehicle manufacturers and other	253	438
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	361	362
Total assets under vehicle programs:	14,023	11,716
Total assets	20,483	17,634
Current liabilities:
Accounts payable and other current liabilities	1,743	1,485
Short-term debt and current portion of long-term debt	28	26
Total current liabilities	1,771	1,511
Long-term debt	3,502	3,435
Other non-current liabilities	773	734
Total liabilities exclusive of liabilities under vehicle programs	6,046	5,680
Liabilities under vehicle programs:
Debt	3,178	2,064
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	7,987	6,796
Deferred income taxes	2,350	2,367
Other	583	288
Total Liabilities under vehicle programs	14,098	11,515
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding	0	0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, at each date	1	1
Additional paid-in capital	6,935	7,010
Accumulated deficit	(1,817)	(1,802)
Accumulated other comprehensive loss	(73)	(147)
Treasury stock, at cost—45 and 39 shares, respectively	(4,707)	(4,623)
Total stockholders’ equity	339	439
Total liabilities and stockholders’ equity	$ 20,483	$ 17,634

CONSOLIDATED CONDENSED BALANCE4

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock,par value	$ 0.01	$ 0.01
Preferred stock,shares authorized	10,000,000	10,000,000
Preferred stock,shares issued	0	0
Preferred stock,shares outstanding	0	0
Common stock,par value	$ 0.01	$ 0.01
Common stock,shares authorized	250,000,000	250,000,000
Common stock,shares issued	137,093,424	137,093,424
Treasury stock,shares	45,297,032	39,342,387

CONSOLIDATED CONDENSED STATEME5

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities
Net income (loss)	$ (15)	$ 134
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Vehicle depreciation	931	913
Gain on sale of vehicles, net	(12)	(51)
Non-vehicle related depreciation and amortization	126	105
Stock-based compensation	14	13
Amortization of debt financing fees	20	23
Early extinguishment of debt	10	23
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:
Receivables	(106)	(68)
Income taxes and deferred income taxes	(43)	(72)
Accounts payable and other current liabilities	42	(72)
Other, net	103	79
Net cash provided by operating activities	1,070	1,027
Investing activities
Property and equipment additions	(89)	(80)
Proceeds received on asset sales	7	6
Net assets acquired (net of cash acquired)	(3)	(222)
Other, net	4	(1)
Net cash used in investing activities exclusive of vehicle programs	(81)	(297)
Vehicle programs:
Decrease (increase) in program cash	82	(30)
Investment in vehicles	(8,500)	(7,939)
Proceeds received on disposition of vehicles	5,418	4,549
Net cash used in investing activities of vehicle programs	3,000	3,420
Net cash used in investing activities	(3,081)	(3,717)
Financing activities
Proceeds from long-term borrowings	558	376
Payments on long-term borrowings	(520)	(281)
Net change in short-term borrowings	0	(13)
Repurchases of common stock	(174)	(114)
Debt financing fees	(10)	(7)
Other, net	0	0
Net cash used in financing activities exclusive of vehicle programs	(146)	(39)
Vehicle programs:
Proceeds from borrowings	9,850	9,018
Payments on borrowings	(7,614)	(6,347)
Debt financing fees	(17)	(17)
Net cash provided by financing activities of vehicle programs	2,219	2,654
Net cash provided by financing activities	2,073	2,615
Effect of changes in exchange rates on cash and cash equivalents	13	(20)
Net increase (decrease) in cash and cash equivalents	75	(95)
Cash and cash equivalents, beginning of period	452	624
Cash and cash equivalents, end of period	$ 527	$ 529

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2016
Basis Of Presentation And Recently Issued Accounting Pronouncements [Abstract]
Basis of Presentation	Basis of Presentation Avis Budget Group, Inc. provides car and truck rentals, car sharing services and ancillary services to businesses and consumers worldwide. The accompanying unaudited Consolidated Condensed Financial Statements include the accounts and transactions of Avis Budget Group, Inc. and its subsidiaries, as well as entities in which Avis Budget Group, Inc. directly or indirectly has a controlling financial interest (collectively, the “Company”), and have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission for interim financial reporting. The Company operates the following reportable business segments: • Americas —provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates the Company’s car sharing business in certain of these markets. • International —provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, Australia and New Zealand, and operates the Company’s car sharing business in certain of these markets. The operating results of acquired businesses are included in the accompanying Consolidated Condensed Financial Statements from the dates of acquisition. In the first half of 2016, the Company completed the purchase price allocation for the acquisition of its Avis and Budget licensees in Norway, Sweden and Denmark, its Brazilian licensee and Maggiore Group. There were no material adjustments to the preliminary allocation. The fair value of the assets acquired and liabilities assumed in connection with the Company’s fourth quarter 2015 acquisition of its Avis licensee in Poland has not yet been finalized; however, there have been no significant changes to the preliminary allocation of the purchase price in the first half of 2016. In presenting the Consolidated Condensed Financial Statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”), management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates. In management’s opinion, the Consolidated Condensed Financial Statements contain all adjustments necessary for a fair presentation of interim results reported. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These financial statements should be read in conjunction with the Company’s 2015 Form 10-K. Vehicle Programs. The Company presents separately the financial data of its vehicle programs. These programs are distinct from the Company’s other activities since the assets under vehicle programs are generally funded through the issuance of debt that is collateralized by such assets. The income generated by these assets is used, in part, to repay the principal and interest associated with the debt. Cash inflows and outflows relating to the acquisition of such assets and the principal debt repayment or financing of such assets are classified as activities of the Company’s vehicle programs. The Company believes it is appropriate to segregate the financial data of its vehicle programs because, ultimately, the source of repayment of such debt is the realization of such assets. Transaction-related costs, net. Transaction-related costs, net are classified separately in the Consolidated Condensed Statements of Comprehensive Income. These costs are comprised of expenses related to acquisition-related activities such as due-diligence and other advisory costs, expenses related to the integration of the acquiree’s operations with those of the Company, including the implementation of best practices and process improvements, non-cash gains and losses related to re-acquired rights, expenses related to pre-acquisition contingencies and contingent consideration related to acquisitions. Currency Transactions. The Company records the gain or loss on foreign-currency transactions on certain intercompany loans and gain or loss on intercompany loan hedges within interest expense related to corporate debt, net. During the three months ended June 30, 2016 and 2015 , the Company recorded losses on such items of $4 million and $6 million , respectively, and during the six months ended June 30, 2016 and 2015 , the Company recorded losses of $7 million and $10 million , respectively. Adoption of New Accounting Standards On January 1, 2016, as a result of the issuance of a new accounting pronouncement, the Company adopted Accounting Standards Update (“ASU”) 2015-16, “Simplifying the Accounting for Measurement-Period Adjustments,” which eliminates the requirement to retrospectively account for adjustments made to provisional amounts recognized in a business combination at the acquisition date. Instead, the cumulative impact of any adjustment will be recognized in the reporting period in which the adjustment is identified. The adoption of this accounting pronouncement did not have a material impact on the Company’s Consolidated Financial Statements. On January 1, 2016, as a result of the issuance of a new accounting pronouncement, the Company adopted ASU 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” which provides guidance for determining whether a cloud computing arrangement contains a software license that should be accounted for as internal-use software, rather than as a service contract. The adoption of this accounting pronouncement did not have a material impact on the Company’s Consolidated Financial Statements. On January 1, 2016, as a result of the issuance of a new accounting pronouncement, the Company adopted ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued and to provide related footnote disclosures in certain circumstances. The adoption of this accounting pronouncement did not have an impact on the Company’s Consolidated Financial Statements. Recently Issued Accounting Standards In March 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, minimum statutory withholding requirements and classification in the statement of cash flow. ASU 2016-09 becomes effective for the Company on January 1, 2017. The Company is currently evaluating the effect of this accounting pronouncement on its Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02, “Leases,” which requires a lessee to recognize all long-term leases on its balance sheet as a liability for its lease obligation, measured at the present value of lease payments not yet paid, and a corresponding asset representing its right to use the underlying asset over the lease term. ASU 2016-02 becomes effective for the Company on January 1, 2019. Early adoption is permitted. The Company is currently evaluating the effect of this accounting pronouncement on its Consolidated Financial Statements. In January 2016, the FASB issued ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities,” which makes limited amendments to the classification and measurement of financial instruments. The new standard amends certain disclosure requirements associated with the fair value of financial instruments. ASU 2016-01 becomes effective for the Company on January 1, 2018. The adoption of this accounting pronouncement is not expected to have a material impact on the Company’s Consolidated Financial Statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which outlines a single model for entities to use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance. ASU 2014-09 becomes effective for the Company on January 1, 2018. The Company is currently evaluating the effect of this accounting pronouncement on its Consolidated Financial Statements.

Restructuring

Restructuring	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring Activities	Restructuring In 2014, the Company committed to various strategic initiatives to identify best practices and drive efficiency throughout its organization, by reducing headcount, improving processes and consolidating functions (the “T15 restructuring”). In first quarter 2016, the Company expanded the T15 restructuring to take advantage of additional efficiency opportunities. The expanded T15 restructuring fits within the initiative’s focus areas to identify best practices and drive efficiency throughout the organization, including the consolidation of rental locations. During the six months ended June 30, 2016, as part of this process, the Company formally communicated the termination of employment to approximately 420 employees, and as of June 30, 2016, the Company had terminated approximately 350 of these employees. The costs associated with this initiative primarily represent severance, outplacement services and other costs associated with employee terminations, the majority of which have been or are expected to be settled in cash. The Company expects further restructuring expense of approximately $7 million related to this initiative to be incurred in 2016. In conjunction with previous acquisitions, the Company identified opportunities to integrate and streamline its operations, primarily in Europe (the “Acquisition integration”). During the six months ended June 30, 2016, as part of this process, the Company formally communicated the termination of employment to approximately 105 employees, and as of June 30, 2016, the Company had terminated approximately 90 of these employees. The Company expects further restructuring expense of approximately $3 million related to this initiative to be incurred in 2016. The following tables summarize the activity related to our restructuring liabilities: Americas International Total Balance as of January 1, 2016 $ 1 $ 10 $ 11 T15 restructuring expense 8 7 15 Acquisition integration expense — 6 6 Avis Europe restructuring expense — (1 ) (1 ) T15 restructuring payment/utilization (7 ) (2 ) (9 ) Acquisition integration payment (1 ) (11 ) (12 ) Avis Europe restructuring payment — (1 ) (1 ) Balance as of June 30, 2016 $ 1 $ 8 $ 9 Personnel Facility Other (a) Total Balance as of January 1, 2016 $ 10 $ 1 $ — $ 11 T15 restructuring expense 11 1 3 15 Acquisition integration expense 6 — — 6 Avis Europe restructuring expense — (1 ) — (1 ) T15 restructuring payment/utilization (6 ) — (3 ) (9 ) Acquisition integration payment (12 ) — — (12 ) Avis Europe restructuring payment (1 ) — — (1 ) Balance as of June 30, 2016 $ 8 $ 1 $ — $ 9 _________ (a) Includes expense related primarily to the write-down of certain vehicle assets.

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Notes)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings (loss) per share (“EPS”) (shares in millions): Three Months Ended Six Months Ended 2016 2015 2016 2015 Net income (loss) for basic and diluted EPS $ 36 $ 143 $ (15 ) $ 134 Basic weighted average shares outstanding 93.9 105.5 95.1 105.8 Options and non-vested stock (a) 1.2 1.2 — 1.3 Diluted weighted average shares outstanding 95.1 106.7 95.1 107.1 Earnings (loss) per share: Basic $ 0.39 $ 1.36 $ (0.16 ) $ 1.27 Diluted $ 0.38 $ 1.34 $ (0.16 ) $ 1.25 __________ (a) For the three months ended June 30, 2016 and 2015, 0.2 million non-vested stock awards have an anti-dilutive effect in each period and therefore are excluded from the computation of diluted weighted average shares outstanding. As the Company incurred a net loss for the six months ended June 30, 2016, 0.8 million outstanding options and 1.5 million non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding. For the six months ended June 30, 2015, 0.1 million non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.

Other Current Assets Other Curr

Other Current Assets Other Current Assets	6 Months Ended
	Jun. 30, 2016
Other Current Assets Disclosure [Abstract]
Other Current Assets [Text Block]	. Other Current Assets Other current assets consisted of: As of June 30, 2016 As of December 31, 2015 Sales and use taxes $ 434 $ 159 Prepaid expenses 237 192 Other 185 156 Other current assets $ 856 $ 507

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets consisted of: As of June 30, 2016 As of December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized Intangible Assets License agreements $ 267 $ 96 $ 171 $ 263 $ 81 $ 182 Customer relationships 225 80 145 222 68 154 Other 38 10 28 41 8 33 Total $ 530 $ 186 $ 344 $ 526 $ 157 $ 369 Unamortized Intangible Assets Goodwill (a) $ 1,004 $ 973 Trademarks (a) $ 552 $ 548 __________ (a) The increase in the carrying amount since December 31, 2015 reflects currency translation. For the three months ended June 30, 2016 and 2015 , amortization expense related to amortizable intangible assets was approximately $16 million in each period. For the six months ended June 30, 2016 and 2015 , amortization expense related to amortizable intangible assets was approximately $33 million and $27 million , respectively. Based on the Company’s amortizable intangible assets at June 30, 2016 , the Company expects amortization expense of approximately $31 million for the remainder of 2016 , $55 million for 2017, $42 million for 2018, $39 million for 2019, $38 million for 2020 and $23 million for 2021, excluding effects of currency exchange rates.

Vehicle Rental Activities

Vehicle Rental Activities	6 Months Ended
	Jun. 30, 2016
Vehicle Rental Activities [Abstract]
Vehicle Rental Activities	Vehicle Rental Activities The components of vehicles, net within assets under vehicle programs were as follows: As of As of June 30, December 31, 2016 2015 Rental vehicles $ 14,284 $ 11,195 Less: Accumulated depreciation (1,429 ) (1,500 ) 12,855 9,695 Vehicles held for sale 372 963 Vehicles, net $ 13,227 $ 10,658 The components of vehicle depreciation and lease charges, net are summarized below: Three Months Ended Six Months Ended 2016 2015 2016 2015 Depreciation expense $ 499 $ 490 $ 931 $ 913 Lease charges 42 35 76 68 Gain on sale of vehicles, net (9 ) (27 ) (12 ) (51 ) Vehicle depreciation and lease charges, net $ 532 $ 498 $ 995 $ 930 At June 30, 2016 and 2015 , the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $557 million and $577 million , respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $251 million and $217 million , respectively.

Income Taxes Income Taxes

Income Taxes Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes The Company’s effective tax rate for the six months ended June 30, 2016 is a benefit of 34.8% . The Company’s effective tax rate for the six months ended June 30, 2015 is a benefit of 103.0% . Such rate differed from the Federal statutory rate of 35.0% primarily due to a $98 million income tax benefit related to resolution of a prior-year tax matter.

Long-term Debt and Borrowing Ar

Long-term Debt and Borrowing Arrangements	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-term Debt and Borrowing Arrangements	Long-term Debt and Borrowing Arrangements Long-term and other borrowing arrangements consisted of: As of As of Maturity Dates June 30, December 31, 2016 2015 4⅞% Senior Notes November 2017 $ — $ 300 Floating Rate Senior Notes (a) December 2017 249 249 Floating Rate Term Loan (b) March 2019 144 970 6% Euro-denominated Senior Notes March 2021 512 502 Floating Rate Term Loan (c) March 2022 820 — 5⅛% Senior Notes June 2022 400 400 5½% Senior Notes April 2023 674 674 6⅜% Senior Notes April 2024 350 — 5¼% Senior Notes March 2025 375 375 Other (d) 59 46 Deferred financing fees (53 ) (55 ) Total 3,530 3,461 Less: Short-term debt and current portion of long-term debt 28 26 Long-term debt $ 3,502 $ 3,435 __________ (a) The interest rate on these notes is equal to three-month LIBOR plus 275 basis points, for an aggregate rate of 3.39% at June 30, 2016; the Company has entered into an interest rate swap to hedge its interest rate exposure related to these notes at an aggregate rate of 3.58%. (b) The floating rate term loan is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property. As of June 30, 2016, the floating rate term loan due 2019 bears interest at the greater of three-month LIBOR or 0.75%, plus 225 basis points, for an aggregate rate of 3.00%. (c) The floating rate term loan is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property. As of June 30, 2016, the floating rate term loan due 2022 bears interest at the greater of three-month LIBOR or 0.75%, plus 250 basis points, for an aggregate rate of 3.25%. The Company has entered into a swap to hedge $600 million of its interest rate exposure related to the floating rate term loan at an aggregate rate of 4.21%. (d) Primarily includes capital leases which are secured by liens on the related assets. In March 2016, the Company issued $350 million of 6⅜% Senior Notes due 2024 at par. In May 2016, the Company used the net proceeds from the offering to redeem $300 million principal amount of its 4⅞% Senior Notes due 2017 for $304 million plus accrued interest and for general corporate purposes. In May 2016, the Company extended the maturity date for $825 million of its $970 million existing corporate floating rate term loan borrowings by three years to March 2022. The extended portion now bears interest at LIBOR plus 2.50% , subject to a LIBOR floor of 0.75% . Committed Credit Facilities and Available Funding Arrangements At June 30, 2016 , the committed corporate credit facilities available to the Company and/or its subsidiaries were as follows: Total Capacity Outstanding Borrowings Letters of Credit Issued Available Capacity Senior revolving credit facility maturing 2019 (a) $ 1,800 $ — $ 1,177 $ 623 Other facilities (b) 3 3 — — __________ (a) The senior revolving credit facility bears interest at one-month LIBOR plus 200 basis points and is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property. (b) These facilities encompass bank overdraft lines of credit, bearing interest of 1.50% to 3.13%. At June 30, 2016 , the Company had various uncommitted credit facilities available, under which it had drawn approximately $4 million , which bear interest at rates between 0.02% and 4.50% . Debt Covenants The agreements governing the Company’s indebtedness contain restrictive covenants, including restrictions on dividends paid to the Company by certain of its subsidiaries, the incurrence of additional indebtedness by the Company and certain of its subsidiaries, acquisitions, mergers, liquidations, and sale and leaseback transactions. The Company’s senior credit facility also contains a maximum leverage ratio requirement. As of June 30, 2016 , the Company is in compliance with the financial covenants governing its indebtedness.

Debt Under Vehicle Programs and

Debt Under Vehicle Programs and Borrowing Arrangements	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt Under Vehicle Programs and Borrowing Arrangements	Debt Under Vehicle Programs and Borrowing Arrangements 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 As of June 30, December 31, 2016 2015 Americas - Debt due to Avis Budget Rental Car Funding (a) $ 8,029 $ 6,837 Americas - Debt borrowings (a) 978 643 International - Debt borrowings (a) 2,033 1,187 International - Capital leases 181 238 Other 2 8 Deferred financing fees (b) (58 ) (53 ) Total $ 11,165 $ 8,860 __________ (a) The increase reflects additional borrowings principally to fund increases in the Company’s car rental fleet. (b) Deferred financing fees related to Debt due to Avis Budget Rental Car Funding as of June 30, 2016 and December 31, 2015 were $42 million and $41 million, respectively. During March 2016 and June 2016, the Company’s Avis Budget Rental Car Funding subsidiary issued approximately $450 million in asset-backed notes with an expected final payment date of June 2021 and approximately $500 million in asset-backed notes with an expected final payment date of November 2021, respectively. The weighted average interest rate for these borrowings was 3% . Debt 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 June 30, 2016 . Debt under Vehicle Programs Within 1 year (a) $ 1,822 Between 1 and 2 years 2,785 Between 2 and 3 years 3,393 Between 3 and 4 years 1,481 Between 4 and 5 years 1,224 Thereafter 518 Total $ 11,223 __________ (a) Vehicle backed debt maturing within one year primarily represents term asset-backed securities. Committed Credit Facilities and Available Funding Arrangements As of June 30, 2016 , 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 Americas - Debt due to Avis Budget Rental Car Funding (b) $ 9,674 $ 8,029 $ 1,645 Americas - Debt borrowings (c) 1,037 978 59 International - Debt borrowings (d) 2,681 2,033 648 International - Capital leases (e) 208 181 27 Other 2 2 — Total $ 13,602 $ 11,223 $ 2,379 __________ (a) Capacity is subject to maintaining sufficient assets to collateralize debt. (b) The outstanding debt is collateralized by approximately $9.6 billion of underlying vehicles and related assets. (c) The outstanding debt is collateralized by approximately $1.2 billion of underlying vehicles and related assets. (d) The outstanding debt is collateralized by approximately $2.5 billion of underlying vehicles and related assets. (e) The outstanding debt is collateralized by approximately $0.2 billion of underlying vehicles and related assets. Debt Covenants The agreements under the Company’s vehicle-backed funding programs contain restrictive covenants, including restrictions on dividends paid to the Company by certain of its subsidiaries and restrictions on indebtedness, mergers, liens, liquidations and sale and leaseback transactions and in some cases also require compliance with certain financial requirements. As of June 30, 2016 , the Company is not aware of any instances of non-compliance with any of the financial covenants contained in the debt agreements under its vehicle-backed funding programs.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contingencies In 2006, the Company completed the spin-offs of its Realogy and Wyndham subsidiaries. The Company does not believe that the impact of any resolution of pre-existing contingent liabilities in connection with the spin-offs should result in a material liability to the Company in relation to its consolidated financial position or liquidity, as Realogy and Wyndham each have agreed to assume responsibility for these liabilities. The Company is also named in litigation that is primarily related to the businesses of its former subsidiaries, including Realogy and Wyndham. The Company is entitled to indemnification from such entities for any liability resulting from such litigation. In February 2015, the French Competition Authority issued a statement of objections alleging that several car rental companies, including the Company and two of its European subsidiaries, engaged with (i) twelve French airports, the majority of which are controlled by public administrative bodies or the French state, and violated competition law through the distribution by airports of company-specific statistics to car rental companies operating at those airports and (ii) two other international car rental companies in a concerted practice relating to train station surcharges. In May 2016, the French Competition authority issued a second statement of objections reiterating the allegations that it raised in its first statement of objections. The Company believes that it has valid defenses and intends to vigorously defend against the allegations, but it is currently unable to predict the outcome of the proceedings or range of reasonably possible losses, which may be material. In March 2015, the Canadian Competition Bureau filed an application with the Competition Tribunal alleging that the Company and two of its Canadian subsidiaries engaged in deceptive marketing practices with regard to certain charges that consumers are invoiced related to renting a vehicle and associated products in Canada. The application sought penalties against the Company and its subsidiaries totaling approximately $25 million as well as reimbursements to current and former customers of amounts collected and retained by the Company related to the alleged deceptive marketing practices. In June 2016, the Company and its subsidiaries reached an agreement to settle this application for an immaterial amount and to adopt a competition law compliance program. The Company is involved in claims, legal proceedings and governmental inquiries related, among other things, to its vehicle rental operations, including contract and licensee disputes, competition matters, employment matters, insurance claims, intellectual property claims, business practice disputes and other regulatory, environmental, commercial and tax matters. Litigation is inherently unpredictable and, although the Company believes that its accruals are adequate and/or that it has valid defenses in these matters, unfavorable resolutions could occur. Excluding the French competition matter discussed above, the Company estimates that the potential exposure resulting from adverse outcomes of legal proceedings in which it is reasonably possible that a loss may be incurred could, in the aggregate, be up to approximately $30 million in excess of amounts accrued as of June 30, 2016 ; however, the Company does not believe that the impact should result in a material liability to the Company in relation to its consolidated financial condition or results of operations. Commitments to Purchase Vehicles The Company maintains agreements with vehicle manufacturers under which the Company has agreed to purchase approximately $3.3 billion of vehicles from manufacturers over the next 12 months. The majority of these commitments are subject to the vehicle manufacturers’ satisfying their obligations under their respective repurchase and guaranteed depreciation agreements. The purchase of such vehicles is financed primarily through the issuance of vehicle-backed debt and cash received upon the disposition of vehicles. Concentrations Concentrations of credit risk at June 30, 2016 include (i) risks related to the Company’s repurchase and guaranteed depreciation agreements with domestic and foreign car manufacturers, including Ford, General Motors, Chrysler, Peugeot, Volkswagen, Fiat, Kia, Toyota, Mercedes, Renault, Hyundai and BMW , and primarily with respect to receivables for program cars that have been disposed but for which the Company has not yet received payment from the manufacturers and (ii) risks related to Realogy and Wyndham, including receivables of $55 million and $33 million , respectively, related to certain contingent, income tax and other corporate liabilities assumed by Realogy and Wyndham in connection with their disposition.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Share Repurchases The Company’s Board of Directors has authorized the repurchase of up to approximately $1.2 billion of its common stock under a plan originally approved in 2013 and subsequently expanded, most recently in 2016. During the six months ended June 30, 2016 , the Company repurchased approximately 6.5 million shares of common stock at a cost of approximately $180 million under the program. During the six months ended June 30, 2015 , the Company repurchased approximately 2.2 million shares of common stock at a cost of approximately $116 million under the program. As of June 30, 2016 , approximately $260 million of authorization remains available to repurchase common stock under this plan. Total Comprehensive Income Comprehensive income consists of net income and other gains and losses affecting stockholders’ equity that, under GAAP, are excluded from net income. The components of other comprehensive income (loss) were as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 Net income (loss) $ 36 $ 143 $ (15 ) $ 134 Other comprehensive income (loss): Currency translation adjustments (net of tax of $(5), $7, $4 and $(17), respectively) 8 8 80 (84 ) Net unrealized gain (loss) on available-for-sale securities (net of tax of $0 in each period) — (1 ) — (1 ) Net unrealized gain (loss) on cash flow hedges (net of tax of $3, $0, $5 and $2, respectively) (5 ) — (8 ) (3 ) Minimum pension liability adjustment (net of tax of $(1) in each period) 1 1 2 2 4 8 74 (86 ) Comprehensive income $ 40 $ 151 $ 59 $ 48 __________ Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries. Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) were as follows: Currency Translation Adjustments Net Unrealized Gains (Losses) on Cash Flow Hedges (a) Net Unrealized Gains (Losses) on Available-for Sale Securities Minimum Pension Liability Adjustment (b) Accumulated Other Comprehensive Income (Loss) Balance, January 1, 2016 $ (80 ) $ (2 ) $ — $ (65 ) $ (147 ) Other comprehensive income (loss) before reclassifications 80 (10 ) — — 70 Amounts reclassified from accumulated other comprehensive income (loss) — 2 — 2 4 Net current-period other comprehensive income (loss) 80 (8 ) — 2 74 Balance, June 30, 2016 $ — $ (10 ) $ — $ (63 ) $ (73 ) Balance, January 1, 2015 $ 51 $ (1 ) $ 2 $ (74 ) $ (22 ) Other comprehensive income (loss) before reclassifications (84 ) — (1 ) 3 (82 ) Amounts reclassified from accumulated other comprehensive income (loss) — (3 ) — (1 ) (4 ) Net current-period other comprehensive income (loss) (84 ) (3 ) (1 ) 2 (86 ) Balance, June 30, 2015 $ (33 ) $ (4 ) $ 1 $ (72 ) $ (108 ) __________ All components of accumulated other comprehensive income (loss) are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries and include a $62 million gain, net of tax, as of June 30, 2016 related to the Company’s hedge of its net investment in Euro-denominated foreign operations (see Note 13 - Financial Instruments). (a) For the three and six months ended June 30, 2016 , amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $2 million ( $1 million , net of tax) and $4 million ( $2 million , net of tax), respectively. For the three and six months ended June 30, 2015 , amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $2 million ( $2 million , net of tax) and $4 million ( $3 million , net of tax), respectively. (b) For the three and six months ended June 30, 2016 , amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $2 million ( $1 million , net of tax) and $3 million ( $2 million , net of tax), respectively. For the three and six months ended June 30, 2015 , amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $1 million ( $0 million , net of tax) and $2 million ( $1 million , net of tax), respectively.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company recorded stock-based compensation expense of $6 million and $6 million ( $4 million and $4 million , net of tax) during the three months ended June 30, 2016 and 2015 , respectively, and $14 million and $11 million ( $9 million and $7 million , net of tax) during the six months ended June 30, 2016 and 2015 , respectively. In jurisdictions with net operating loss carryforwards, exercises and/or vestings of stock-based awards have generated $106 million of total tax deductions at June 30, 2016 . Approximately $41 million of tax benefits will be recorded in additional paid-in capital when these tax deductions are realized in these jurisdictions. The weighted average assumptions used in the Monte Carlo simulation model to calculate the fair value of the Company’s stock unit awards containing a market condition were as follows: Six Months Ended 2016 2015 Expected volatility of stock price 46% 37% Risk-free interest rate 0.99% 0.74% Valuation period 3 years 3 years Dividend yield 0.0% 0.0% The activity related to the Company’s restricted stock units (“RSUs”) and cash units, consisted of (in thousands of shares): Time-Based RSUs Performance-Based and Market-Based RSUs Cash Unit Awards Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Number of Units Weighted Average Grant Date Fair Value Outstanding at January 1, 2016 (a) 819 $ 43.34 941 $ 35.18 111 $ 18.04 Granted 584 25.86 526 23.29 — — Vested (b) (377 ) 34.93 (486 ) 25.12 (111 ) 18.04 Forfeited/expired (13 ) 39.02 (41 ) 24.04 — — Outstanding at June 30, 2016 (c) 1,013 $ 36.45 940 $ 34.20 — $ — __________ (a) Reflects the maximum number of stock units assuming achievement of all time-, performance- and market-vesting criteria and does not include those for non-employee directors. The weighted-average fair value of time-based RSUs and performance-based and market-based RSUs granted during the six months ended June 30, 2015 was $61.17 and $55.51 , respectively. (b) The total grant date fair value of RSUs vested during the six months ended June 30, 2016 and 2015 was $25 million and $24 million , respectively. The total grant date fair value of cash units vested during the six months ended June 30, 2016 and 2015 was $2 million in each period. (c) The Company’s outstanding time-based RSUs and performance-based and market-based RSUs had aggregate intrinsic values of $33 million and $30 million , respectively. Aggregate unrecognized compensation expense related to time-based RSUs and performance-based and market-based RSUs amounted to $41 million and will be recognized over a weighted average vesting period of 1.5 years. The Company assumes that substantially all outstanding awards will vest over time. The stock option activity consisted of (in thousands of shares): Number of Options Weighted Average Exercise Price Aggregate Intrinsic Value (in millions) Weighted Average Remaining Contractual Term (years) Outstanding at January 1, 2016 827 $ 2.87 $ 28 3.3 Granted — — Exercised (6 ) 0.79 — Forfeited/expired — — Outstanding and exercisable at June 30, 2016 821 $ 2.88 $ 24 2.8

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2016
Investments, All Other Investments [Abstract]
Financial Instruments	Financial Instruments Derivative Instruments and Hedging Activities Currency Risk. The Company uses currency exchange contracts to manage its exposure to changes in currency exchange rates associated with its non-U.S.-dollar denominated receivables and forecasted royalties, forecasted earnings of non-U.S. subsidiaries and forecasted non-U.S.-dollar denominated acquisitions. The Company primarily hedges a portion of its current-year currency exposure to the Australian, Canadian and New Zealand dollars, the Euro and the British pound sterling. The majority of forward contracts do not qualify for hedge accounting treatment. The fluctuations in the value of these forward contracts do, however, largely offset the impact of changes in the value of the underlying risk they economically hedge. Forward contracts used to hedge forecasted third-party receipts and disbursements up to 12 months are designated and do qualify as cash flow hedges. The Company has designated its 6% Euro-denominated notes as a hedge of its investment in Euro-denominated foreign operations. The amount of gains or losses reclassified from other comprehensive income (loss) to earnings resulting from ineffectiveness or from excluding a component of the hedges’ gain or loss from the effectiveness calculation for cash flow and net investment hedges during the three and six months ended June 30, 2016 and 2015 , was not material, nor is the amount of gains or losses the Company expects to reclassify from accumulated other comprehensive income (loss) to earnings over the next 12 months. Interest Rate Risk. The Company uses various hedging strategies including interest rate swaps and interest rate caps to create an appropriate mix of fixed and floating rate assets and liabilities. The Company uses interest rate swaps and interest rate caps to manage the risk related to its floating rate corporate debt and its floating rate vehicle-backed debt. The Company records the effective portion of changes in the fair value of its cash flow hedges to other comprehensive income (loss), net of tax, and subsequently reclassifies these amounts into earnings in the period during which the hedged transaction is recognized. The Company records the gains or losses related to freestanding derivatives, which are not designated as a hedge for accounting purposes, in its consolidated results of operations. The changes in fair values of hedges that are determined to be ineffective are immediately reclassified from accumulated other comprehensive income (loss) into earnings. There was no ineffectiveness related to the Company’s cash flow hedges during the three and six months ended June 30, 2016 and 2015 . The Company estimates that $7 million of losses currently recorded in accumulated other comprehensive income (loss) will be recognized in earnings over the next 12 months. The Company enters into derivative commodity contracts to manage its exposure to changes in the price of unleaded gasoline. Changes in the fair value of these derivatives are recorded within operating expenses. The Company held derivative instruments with absolute notional values as follows: As of June 30, 2016 Interest rate caps (a) $ 9,608 Interest rate swaps 2,400 Foreign exchange contracts 993 Commodity contracts (millions of gallons of unleaded gasoline) 10 __________ (a) Represents $7.3 billion of interest rate caps sold, partially offset by approximately $2.3 billion of interest rate caps purchased. These amounts exclude $5.0 billion of interest rate caps purchased by the Company’s Avis Budget Rental Car Funding subsidiary as it is not consolidated by the Company. Estimated fair values (Level 2) of derivative instruments were as follows: As of June 30, 2016 As of December 31, 2015 Fair Value, Asset Derivatives Fair Value, Liability Derivatives Fair Value, Asset Derivatives Fair Value, Liability Derivatives Derivatives designated as hedging instruments Interest rate swaps (a) $ — $ 15 $ 1 $ 5 Derivatives not designated as hedging instruments Interest rate caps (b) — 2 1 5 Foreign exchange contracts (c) 19 17 16 2 Commodity contracts (c) — — — 1 Total $ 19 $ 34 $ 18 $ 13 __________ Amounts in this table exclude derivatives issued by Avis Budget Rental Car Funding; however, certain amounts related to the derivatives held by Avis Budget Rental Car Funding are included within accumulated other comprehensive income (loss). (a) Included in other non-current assets or other non-current liabilities. (b) Included in assets under vehicle programs or liabilities under vehicle programs. (c) Included in other current assets or other current liabilities. The effects of derivatives recognized in the Company’s Consolidated Condensed Financial Statements were as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 Derivatives designated as hedging instruments (a) Interest rate swaps $ (5 ) $ — $ (8 ) $ (3 ) Euro-denominated notes 7 (11 ) (7 ) 26 Derivatives not designated as hedging instruments (b) Interest rate caps (c) (1 ) — (1 ) — Foreign exchange contracts (d) 22 (19 ) 12 16 Commodity contracts (e) 2 4 — 4 Total $ 25 $ (26 ) $ (4 ) $ 43 __________ (a) Recognized, net of tax, as a component of other comprehensive income (loss) within stockholders’ equity. (b) Gains (losses) related to derivative instruments are expected to be largely offset by (losses) gains on the underlying exposures being hedged. (c) For the three and six months ended June 30, 2016 , included in operating expense. (d) For the three months ended June 30, 2016 , included a $26 million gain in interest expense and a $4 million loss in operating expense and for the six months ended June 30, 2016 , included a $35 million gain in interest expense and a $23 million loss in operating expense. For the three months ended June 30, 2015 , included a $19 million loss in interest expense and for the six months ended June 30, 2015 , included a $2 million gain in interest expense and a $14 million gain in operating expense. (e) Included in operating expense. Debt Instruments The carrying amounts and estimated fair values (Level 2) of debt instruments were as follows: As of June 30, 2016 As of December 31, 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Corporate debt Short-term debt and current portion of long-term debt $ 28 $ 28 $ 26 $ 26 Long-term debt 3,502 3,478 3,435 3,478 Debt under vehicle programs Vehicle-backed debt due to Avis Budget Rental Car Funding $ 7,987 $ 8,070 $ 6,796 $ 6,836 Vehicle-backed debt 3,176 3,193 2,060 2,071 Interest rate swaps and interest rate caps (a) 2 2 4 4 __________ (a) Derivatives in a liability position.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s chief operating decision maker assesses performance and allocates resources based upon the separate financial information from the Company’s operating segments. In identifying its reportable segments, the Company considered the nature of services provided, the geographical areas in which the segments operated and other relevant factors. The Company aggregates certain of its operating segments into its reportable segments. Management evaluates the operating results of each of its reportable segments based upon revenue and “Adjusted EBITDA,” which the Company defines as income from continuing operations before non-vehicle related depreciation and amortization, any impairment charge, restructuring expense, early extinguishment of debt costs, non-vehicle related interest, transaction-related costs and income taxes. The Company’s presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies. Three Months Ended June 30, 2016 2015 Revenues Adjusted EBITDA Revenues Adjusted EBITDA Americas $ 1,593 $ 163 $ 1,556 $ 178 International 650 57 617 61 Corporate and Other (a) — (16 ) — (12 ) Total Company $ 2,243 204 $ 2,173 227 Less: Non-vehicle related depreciation and amortization 65 56 Interest expense related to corporate debt, net: Interest expense 56 45 Early extinguishment of debt 10 23 Restructuring expense 5 3 Transaction-related costs, net 5 18 Income before income taxes $ 63 $ 82 __________ (a) Includes unallocated corporate overhead which is not attributable to a particular segment. Six Months Ended June 30, 2016 2015 Revenues Adjusted EBITDA Revenues Adjusted EBITDA Americas $ 2,957 $ 226 $ 2,931 $ 293 International 1,167 58 1,092 77 Corporate and Other (a) — (36 ) — (26 ) Total Company $ 4,124 248 $ 4,023 344 Less: Non-vehicle related depreciation and amortization 126 105 Interest expense related to corporate debt, net: Interest expense 106 97 Early extinguishment of debt 10 23 Restructuring expense 20 4 Transaction-related costs, net 9 49 Income (loss) before income taxes $ (23 ) $ 66 __________ (a) Includes unallocated corporate overhead which is not attributable to a particular segment. Since December 31, 2015 , there have been no significant changes in segment assets other than the Company’s Americas and International segment assets under vehicle programs. As of June 30, 2016 and December 31, 2015 , Americas segment assets under vehicle programs were approximately $10.9 billion and $9.4 billion , respectively; and International segment assets under vehicle programs were approximately $3.1 billion and $2.3 billion , respectively.

Guarantor and Non-Guarantor Con

Guarantor and Non-Guarantor Consolidating Condensed Financial Statements	6 Months Ended
	Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	Guarantor and Non-Guarantor Consolidating Condensed Financial Statements The following consolidating financial information presents Consolidating Condensed Statements of Comprehensive Income for the three and six months ended June 30, 2016 and 2015 , Consolidating Condensed Balance Sheets as of June 30, 2016 and December 31, 2015 , and Consolidating Condensed Statements of Cash Flows for the six months ended June 30, 2016 and 2015 for: (i) Avis Budget Group, Inc. (the “Parent”); (ii) ABCR and Avis Budget Finance, Inc. (the “Subsidiary Issuers”); (iii) the guarantor subsidiaries; (iv) the non-guarantor subsidiaries; (v) elimination entries necessary to consolidate the Parent with the Subsidiary Issuers, and the guarantor and non-guarantor subsidiaries; and (vi) the Company on a consolidated basis. The Subsidiary Issuers and the guarantor and non-guarantor subsidiaries are 100% owned by the Parent, either directly or indirectly. All guarantees are full and unconditional and joint and several. This financial information is being presented in relation to the Company’s guarantee of the payment of principal, premium (if any) and interest on the notes issued by the Subsidiary Issuers. See Note 8 - Long-term Debt and Borrowing Arrangements for additional description of these guaranteed notes. The Senior Notes are guaranteed by the Parent and certain subsidiaries. Investments in subsidiaries are accounted for using the equity method of accounting for purposes of the consolidating presentation. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions. For purposes of the accompanying Consolidating Condensed Statements of Comprehensive Income, certain expenses incurred by the Subsidiary Issuers are allocated to the guarantor and non-guarantor subsidiaries.

Basis of Presentation and Rec21

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2016
Basis Of Presentation And Recently Issued Accounting Pronouncements [Abstract]
Basis of Presentation	Avis Budget Group, Inc. provides car and truck rentals, car sharing services and ancillary services to businesses and consumers worldwide. The accompanying unaudited Consolidated Condensed Financial Statements include the accounts and transactions of Avis Budget Group, Inc. and its subsidiaries, as well as entities in which Avis Budget Group, Inc. directly or indirectly has a controlling financial interest (collectively, the “Company”), and have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission for interim financial reporting. The Company operates the following reportable business segments: • Americas —provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates the Company’s car sharing business in certain of these markets. • International —provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, Australia and New Zealand, and operates the Company’s car sharing business in certain of these markets. The operating results of acquired businesses are included in the accompanying Consolidated Condensed Financial Statements from the dates of acquisition. In the first half of 2016, the Company completed the purchase price allocation for the acquisition of its Avis and Budget licensees in Norway, Sweden and Denmark, its Brazilian licensee and Maggiore Group. There were no material adjustments to the preliminary allocation. The fair value of the assets acquired and liabilities assumed in connection with the Company’s fourth quarter 2015 acquisition of its Avis licensee in Poland has not yet been finalized; however, there have been no significant changes to the preliminary allocation of the purchase price in the first half of 2016. In presenting the Consolidated Condensed Financial Statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”), management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates. In management’s opinion, the Consolidated Condensed Financial Statements contain all adjustments necessary for a fair presentation of interim results reported. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These financial statements should be read in conjunction with the Company’s 2015 Form 10-K.
Vehicle Programs	Vehicle Programs. The Company presents separately the financial data of its vehicle programs. These programs are distinct from the Company’s other activities since the assets under vehicle programs are generally funded through the issuance of debt that is collateralized by such assets. The income generated by these assets is used, in part, to repay the principal and interest associated with the debt. Cash inflows and outflows relating to the acquisition of such assets and the principal debt repayment or financing of such assets are classified as activities of the Company’s vehicle programs. The Company believes it is appropriate to segregate the financial data of its vehicle programs because, ultimately, the source of repayment of such debt is the realization of such assets.
Transaction Related Costs Policy [Policy Text Block]	Transaction-related costs, net. Transaction-related costs, net are classified separately in the Consolidated Condensed Statements of Comprehensive Income. These costs are comprised of expenses related to acquisition-related activities such as due-diligence and other advisory costs, expenses related to the integration of the acquiree’s operations with those of the Company, including the implementation of best practices and process improvements, non-cash gains and losses related to re-acquired rights, expenses related to pre-acquisition contingencies and contingent consideration related to acquisitions.
Currency Transactions	Currency Transactions. The Company records the gain or loss on foreign-currency transactions on certain intercompany loans and gain or loss on intercompany loan hedges within interest expense related to corporate debt, net. During the three months ended June 30, 2016 and 2015 , the Company recorded losses on such items of $4 million and $6 million , respectively, and during the six months ended June 30, 2016 and 2015 , the Company recorded losses of $7 million and $10 million , respectively.
Adoption of New Accounting Standards	Adoption of New Accounting Standards On January 1, 2016, as a result of the issuance of a new accounting pronouncement, the Company adopted Accounting Standards Update (“ASU”) 2015-16, “Simplifying the Accounting for Measurement-Period Adjustments,” which eliminates the requirement to retrospectively account for adjustments made to provisional amounts recognized in a business combination at the acquisition date. Instead, the cumulative impact of any adjustment will be recognized in the reporting period in which the adjustment is identified. The adoption of this accounting pronouncement did not have a material impact on the Company’s Consolidated Financial Statements. On January 1, 2016, as a result of the issuance of a new accounting pronouncement, the Company adopted ASU 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” which provides guidance for determining whether a cloud computing arrangement contains a software license that should be accounted for as internal-use software, rather than as a service contract. The adoption of this accounting pronouncement did not have a material impact on the Company’s Consolidated Financial Statements. On January 1, 2016, as a result of the issuance of a new accounting pronouncement, the Company adopted ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued and to provide related footnote disclosures in certain circumstances. The adoption of this accounting pronouncement did not have an impact on the Company’s Consolidated Financial Statements. Recently Issued Accounting Standards In March 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, minimum statutory withholding requirements and classification in the statement of cash flow. ASU 2016-09 becomes effective for the Company on January 1, 2017. The Company is currently evaluating the effect of this accounting pronouncement on its Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02, “Leases,” which requires a lessee to recognize all long-term leases on its balance sheet as a liability for its lease obligation, measured at the present value of lease payments not yet paid, and a corresponding asset representing its right to use the underlying asset over the lease term. ASU 2016-02 becomes effective for the Company on January 1, 2019. Early adoption is permitted. The Company is currently evaluating the effect of this accounting pronouncement on its Consolidated Financial Statements. In January 2016, the FASB issued ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities,” which makes limited amendments to the classification and measurement of financial instruments. The new standard amends certain disclosure requirements associated with the fair value of financial instruments. ASU 2016-01 becomes effective for the Company on January 1, 2018. The adoption of this accounting pronouncement is not expected to have a material impact on the Company’s Consolidated Financial Statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which outlines a single model for entities to use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance. ASU 2014-09 becomes effective for the Company on January 1, 2018. The Company is currently evaluating the effect of this accounting pronouncement on its Consolidated Financial Statements.

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Summary Of Changes To Restructuring-Related Liabilities	The following tables summarize the activity related to our restructuring liabilities: Americas International Total Balance as of January 1, 2016 $ 1 $ 10 $ 11 T15 restructuring expense 8 7 15 Acquisition integration expense — 6 6 Avis Europe restructuring expense — (1 ) (1 ) T15 restructuring payment/utilization (7 ) (2 ) (9 ) Acquisition integration payment (1 ) (11 ) (12 ) Avis Europe restructuring payment — (1 ) (1 ) Balance as of June 30, 2016 $ 1 $ 8 $ 9 Personnel Facility Other (a) Total Balance as of January 1, 2016 $ 10 $ 1 $ — $ 11 T15 restructuring expense 11 1 3 15 Acquisition integration expense 6 — — 6 Avis Europe restructuring expense — (1 ) — (1 ) T15 restructuring payment/utilization (6 ) — (3 ) (9 ) Acquisition integration payment (12 ) — — (12 ) Avis Europe restructuring payment (1 ) — — (1 ) Balance as of June 30, 2016 $ 8 $ 1 $ — $ 9 _________ (a) Includes expense related primarily to the write-down of certain vehicle assets.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Computation Of Basic And Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings (loss) per share (“EPS”) (shares in millions): Three Months Ended Six Months Ended 2016 2015 2016 2015 Net income (loss) for basic and diluted EPS $ 36 $ 143 $ (15 ) $ 134 Basic weighted average shares outstanding 93.9 105.5 95.1 105.8 Options and non-vested stock (a) 1.2 1.2 — 1.3 Diluted weighted average shares outstanding 95.1 106.7 95.1 107.1 Earnings (loss) per share: Basic $ 0.39 $ 1.36 $ (0.16 ) $ 1.27 Diluted $ 0.38 $ 1.34 $ (0.16 ) $ 1.25 __________ (a) For the three months ended June 30, 2016 and 2015, 0.2 million non-vested stock awards have an anti-dilutive effect in each period and therefore are excluded from the computation of diluted weighted average shares outstanding. As the Company incurred a net loss for the six months ended June 30, 2016, 0.8 million outstanding options and 1.5 million non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding. For the six months ended June 30, 2015, 0.1 million non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.

Other Current Assets (Tables)

Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Other Current Assets Disclosure [Abstract]
Schedule of Other Current Assets [Table Text Block]	As of June 30, 2016 As of December 31, 2015 Sales and use taxes $ 434 $ 159 Prepaid expenses 237 192 Other 185 156 Other current assets $ 856 $ 507

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Intangible Assets	Intangible assets consisted of: As of June 30, 2016 As of December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized Intangible Assets License agreements $ 267 $ 96 $ 171 $ 263 $ 81 $ 182 Customer relationships 225 80 145 222 68 154 Other 38 10 28 41 8 33 Total $ 530 $ 186 $ 344 $ 526 $ 157 $ 369 Unamortized Intangible Assets Goodwill (a) $ 1,004 $ 973 Trademarks (a) $ 552 $ 548 __________

Vehicle Rental Activities (Tabl

Vehicle Rental Activities (Tables)	6 Months Ended
	Jun. 30, 2016
Vehicle Rental Activities [Abstract]
Components Of The Company's Vehicles	The components of vehicles, net within assets under vehicle programs were as follows: As of As of June 30, December 31, 2016 2015 Rental vehicles $ 14,284 $ 11,195 Less: Accumulated depreciation (1,429 ) (1,500 ) 12,855 9,695 Vehicles held for sale 372 963 Vehicles, net $ 13,227 $ 10,658
Components Of Vehicle Depreciation And Lease Charges	The components of vehicle depreciation and lease charges, net are summarized below: Three Months Ended Six Months Ended 2016 2015 2016 2015 Depreciation expense $ 499 $ 490 $ 931 $ 913 Lease charges 42 35 76 68 Gain on sale of vehicles, net (9 ) (27 ) (12 ) (51 ) Vehicle depreciation and lease charges, net $ 532 $ 498 $ 995 $ 930

Long-term Debt and Borrowing 27

Long-term Debt and Borrowing Arrangements (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule Of Long-Term Debt	Long-term and other borrowing arrangements consisted of: As of As of Maturity Dates June 30, December 31, 2016 2015 4⅞% Senior Notes November 2017 $ — $ 300 Floating Rate Senior Notes (a) December 2017 249 249 Floating Rate Term Loan (b) March 2019 144 970 6% Euro-denominated Senior Notes March 2021 512 502 Floating Rate Term Loan (c) March 2022 820 — 5⅛% Senior Notes June 2022 400 400 5½% Senior Notes April 2023 674 674 6⅜% Senior Notes April 2024 350 — 5¼% Senior Notes March 2025 375 375 Other (d) 59 46 Deferred financing fees (53 ) (55 ) Total 3,530 3,461 Less: Short-term debt and current portion of long-term debt 28 26 Long-term debt $ 3,502 $ 3,435 __________ (a) The interest rate on these notes is equal to three-month LIBOR plus 275 basis points, for an aggregate rate of 3.39% at June 30, 2016; the Company has entered into an interest rate swap to hedge its interest rate exposure related to these notes at an aggregate rate of 3.58%. (b) The floating rate term loan is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property. As of June 30, 2016, the floating rate term loan due 2019 bears interest at the greater of three-month LIBOR or 0.75%, plus 225 basis points, for an aggregate rate of 3.00%. (c) The floating rate term loan is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property. As of June 30, 2016, the floating rate term loan due 2022 bears interest at the greater of three-month LIBOR or 0.75%, plus 250 basis points, for an aggregate rate of 3.25%. The Company has entered into a swap to hedge $600 million of its interest rate exposure related to the floating rate term loan at an aggregate rate of 4.21%. (d) Primarily includes capital leases which are secured by liens on the related assets.
Schedule Of Committed Credit Facilities	At June 30, 2016 , the committed corporate credit facilities available to the Company and/or its subsidiaries were as follows: Total Capacity Outstanding Borrowings Letters of Credit Issued Available Capacity Senior revolving credit facility maturing 2019 (a) $ 1,800 $ — $ 1,177 $ 623 Other facilities (b) 3 3 — — __________ (a) The senior revolving credit facility bears interest at one-month LIBOR plus 200 basis points and is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property. (b) These facilities encompass bank overdraft lines of credit, bearing interest of 1.50% to 3.13%.

Debt Under Vehicle Programs a28

Debt Under Vehicle Programs and Borrowing Arrangements (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule Of Debt Under Vehicle Programs	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 As of June 30, December 31, 2016 2015 Americas - Debt due to Avis Budget Rental Car Funding (a) $ 8,029 $ 6,837 Americas - Debt borrowings (a) 978 643 International - Debt borrowings (a) 2,033 1,187 International - Capital leases 181 238 Other 2 8 Deferred financing fees (b) (58 ) (53 ) Total $ 11,165 $ 8,860 __________ (a) The increase reflects additional borrowings principally to fund increases in the Company’s car rental fleet. (b) Deferred financing fees related to Debt due to Avis Budget Rental Car Funding as of June 30, 2016 and December 31, 2015 were $42 million and $41 million, respectively.
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 June 30, 2016 . Debt under Vehicle Programs Within 1 year (a) $ 1,822 Between 1 and 2 years 2,785 Between 2 and 3 years 3,393 Between 3 and 4 years 1,481 Between 4 and 5 years 1,224 Thereafter 518 Total $ 11,223 __________ (a) Vehicle backed debt maturing within one year primarily represents term asset-backed securities.
Schedule Of Available Funding Under The Vehicle Programs	As of June 30, 2016 , 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 Americas - Debt due to Avis Budget Rental Car Funding (b) $ 9,674 $ 8,029 $ 1,645 Americas - Debt borrowings (c) 1,037 978 59 International - Debt borrowings (d) 2,681 2,033 648 International - Capital leases (e) 208 181 27 Other 2 2 — Total $ 13,602 $ 11,223 $ 2,379 __________ (a) Capacity is subject to maintaining sufficient assets to collateralize debt. (b) The outstanding debt is collateralized by approximately $9.6 billion of underlying vehicles and related assets. (c) The outstanding debt is collateralized by approximately $1.2 billion of underlying vehicles and related assets. (d) The outstanding debt is collateralized by approximately $2.5 billion of underlying vehicles and related assets. (e) The outstanding debt is collateralized by approximately $0.2 billion of underlying vehicles and related assets.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income	The components of accumulated other comprehensive income (loss) were as follows: Currency Translation Adjustments Net Unrealized Gains (Losses) on Cash Flow Hedges (a) Net Unrealized Gains (Losses) on Available-for Sale Securities Minimum Pension Liability Adjustment (b) Accumulated Other Comprehensive Income (Loss) Balance, January 1, 2016 $ (80 ) $ (2 ) $ — $ (65 ) $ (147 ) Other comprehensive income (loss) before reclassifications 80 (10 ) — — 70 Amounts reclassified from accumulated other comprehensive income (loss) — 2 — 2 4 Net current-period other comprehensive income (loss) 80 (8 ) — 2 74 Balance, June 30, 2016 $ — $ (10 ) $ — $ (63 ) $ (73 ) Balance, January 1, 2015 $ 51 $ (1 ) $ 2 $ (74 ) $ (22 ) Other comprehensive income (loss) before reclassifications (84 ) — (1 ) 3 (82 ) Amounts reclassified from accumulated other comprehensive income (loss) — (3 ) — (1 ) (4 ) Net current-period other comprehensive income (loss) (84 ) (3 ) (1 ) 2 (86 ) Balance, June 30, 2015 $ (33 ) $ (4 ) $ 1 $ (72 ) $ (108 ) __________ All components of accumulated other comprehensive income (loss) are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries and include a $62 million gain, net of tax, as of June 30, 2016 related to the Company’s hedge of its net investment in Euro-denominated foreign operations (see Note 13 - Financial Instruments). (a) For the three and six months ended June 30, 2016 , amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $2 million ( $1 million , net of tax) and $4 million ( $2 million , net of tax), respectively. For the three and six months ended June 30, 2015 , amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $2 million ( $2 million , net of tax) and $4 million ( $3 million , net of tax), respectively. (b) For the three and six months ended June 30, 2016 , amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $2 million ( $1 million , net of tax) and $3 million ( $2 million , net of tax), respectively. For the three and six months ended June 30, 2015 , amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $1 million ( $0 million , net of tax) and $2 million ( $1 million , net of tax), respectively.
Components Of Other Comprehensive Income	The components of other comprehensive income (loss) were as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 Net income (loss) $ 36 $ 143 $ (15 ) $ 134 Other comprehensive income (loss): Currency translation adjustments (net of tax of $(5), $7, $4 and $(17), respectively) 8 8 80 (84 ) Net unrealized gain (loss) on available-for-sale securities (net of tax of $0 in each period) — (1 ) — (1 ) Net unrealized gain (loss) on cash flow hedges (net of tax of $3, $0, $5 and $2, respectively) (5 ) — (8 ) (3 ) Minimum pension liability adjustment (net of tax of $(1) in each period) 1 1 2 2 4 8 74 (86 ) Comprehensive income $ 40 $ 151 $ 59 $ 48 __________ Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary Of Share Based Payment Other Than Options Valuation Assumptions	Six Months Ended 2016 2015 Expected volatility of stock price 46% 37% Risk-free interest rate 0.99% 0.74% Valuation period 3 years 3 years Dividend yield 0.0% 0.0%
Stock Based Compensation Activity	The activity related to the Company’s restricted stock units (“RSUs”) and cash units, consisted of (in thousands of shares): Time-Based RSUs Performance-Based and Market-Based RSUs Cash Unit Awards Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Number of Units Weighted Average Grant Date Fair Value Outstanding at January 1, 2016 (a) 819 $ 43.34 941 $ 35.18 111 $ 18.04 Granted 584 25.86 526 23.29 — — Vested (b) (377 ) 34.93 (486 ) 25.12 (111 ) 18.04 Forfeited/expired (13 ) 39.02 (41 ) 24.04 — — Outstanding at June 30, 2016 (c) 1,013 $ 36.45 940 $ 34.20 — $ — __________ (a) Reflects the maximum number of stock units assuming achievement of all time-, performance- and market-vesting criteria and does not include those for non-employee directors. The weighted-average fair value of time-based RSUs and performance-based and market-based RSUs granted during the six months ended June 30, 2015 was $61.17 and $55.51 , respectively. (b) The total grant date fair value of RSUs vested during the six months ended June 30, 2016 and 2015 was $25 million and $24 million , respectively. The total grant date fair value of cash units vested during the six months ended June 30, 2016 and 2015 was $2 million in each period. (c) The Company’s outstanding time-based RSUs and performance-based and market-based RSUs had aggregate intrinsic values of $33 million and $30 million , respectively. Aggregate unrecognized compensation expense related to time-based RSUs and performance-based and market-based RSUs amounted to $41 million and will be recognized over a weighted average vesting period of 1.5 years. The Company assumes that substantially all outstanding awards will vest over time.
Summary Of Share Based Compensation Shares Authorized Under Stock Option Plans By Exercise Price Range	The stock option activity consisted of (in thousands of shares): Number of Options Weighted Average Exercise Price Aggregate Intrinsic Value (in millions) Weighted Average Remaining Contractual Term (years) Outstanding at January 1, 2016 827 $ 2.87 $ 28 3.3 Granted — — Exercised (6 ) 0.79 — Forfeited/expired — — Outstanding and exercisable at June 30, 2016 821 $ 2.88 $ 24 2.8

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, All Other Investments [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	The carrying amounts and estimated fair values (Level 2) of debt instruments were as follows: As of June 30, 2016 As of December 31, 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Corporate debt Short-term debt and current portion of long-term debt $ 28 $ 28 $ 26 $ 26 Long-term debt 3,502 3,478 3,435 3,478 Debt under vehicle programs Vehicle-backed debt due to Avis Budget Rental Car Funding $ 7,987 $ 8,070 $ 6,796 $ 6,836 Vehicle-backed debt 3,176 3,193 2,060 2,071 Interest rate swaps and interest rate caps (a) 2 2 4 4 __________ (a) Derivatives in a liability position.
Schedule of Notional Amounts of Outstanding Derivative Positions	The Company held derivative instruments with absolute notional values as follows: As of June 30, 2016 Interest rate caps (a) $ 9,608 Interest rate swaps 2,400 Foreign exchange contracts 993 Commodity contracts (millions of gallons of unleaded gasoline) 10 __________ (a) Represents $7.3 billion of interest rate caps sold, partially offset by approximately $2.3 billion of interest rate caps purchased. These amounts exclude $5.0 billion of interest rate caps purchased by the Company’s Avis Budget Rental Car Funding subsidiary as it is not consolidated by the Company.
Fair Value Of Derivative Instruments	air values (Level 2) of derivative instruments were as follows: As of June 30, 2016 As of December 31, 2015 Fair Value, Asset Derivatives Fair Value, Liability Derivatives Fair Value, Asset Derivatives Fair Value, Liability Derivatives Derivatives designated as hedging instruments Interest rate swaps (a) $ — $ 15 $ 1 $ 5 Derivatives not designated as hedging instruments Interest rate caps (b) — 2 1 5 Foreign exchange contracts (c) 19 17 16 2 Commodity contracts (c) — — — 1 Total $ 19 $ 34 $ 18 $ 13 __________ Amounts in this table exclude derivatives issued by Avis Budget Rental Car Funding; however, certain amounts related to the derivatives held by Avis Budget Rental Car Funding are included within accumulated other comprehensive income (loss). (a) Included in other non-current assets or other non-current liabilities. (b) Included in assets under vehicle programs or liabilities under vehicle programs. (c) Included in other current assets or other current liabilities.
Derivative Instruments, Gain (Loss) [Table Text Block]	The effects of derivatives recognized in the Company’s Consolidated Condensed Financial Statements were as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 Derivatives designated as hedging instruments (a) Interest rate swaps $ (5 ) $ — $ (8 ) $ (3 ) Euro-denominated notes 7 (11 ) (7 ) 26 Derivatives not designated as hedging instruments (b) Interest rate caps (c) (1 ) — (1 ) — Foreign exchange contracts (d) 22 (19 ) 12 16 Commodity contracts (e) 2 4 — 4 Total $ 25 $ (26 ) $ (4 ) $ 43 __________ (a) Recognized, net of tax, as a component of other comprehensive income (loss) within stockholders’ equity. (b) Gains (losses) related to derivative instruments are expected to be largely offset by (losses) gains on the underlying exposures being hedged. (c) For the three and six months ended June 30, 2016 , included in operating expense. (d) For the three months ended June 30, 2016 , included a $26 million gain in interest expense and a $4 million loss in operating expense and for the six months ended June 30, 2016 , included a $35 million gain in interest expense and a $23 million loss in operating expense. For the three months ended June 30, 2015 , included a $19 million loss in interest expense and for the six months ended June 30, 2015 , included a $2 million gain in interest expense and a $14 million gain in operating expense. (e) Included in operating expense.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Summary Of Segments Information	Three Months Ended June 30, 2016 2015 Revenues Adjusted EBITDA Revenues Adjusted EBITDA Americas $ 1,593 $ 163 $ 1,556 $ 178 International 650 57 617 61 Corporate and Other (a) — (16 ) — (12 ) Total Company $ 2,243 204 $ 2,173 227 Less: Non-vehicle related depreciation and amortization 65 56 Interest expense related to corporate debt, net: Interest expense 56 45 Early extinguishment of debt 10 23 Restructuring expense 5 3 Transaction-related costs, net 5 18 Income before income taxes $ 63 $ 82 __________

Guarantor and Non-Guarantor C33

Guarantor and Non-Guarantor Consolidating Condensed Financial Statements (Tables)	6 Months Ended
	Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Consolidating Condensed Statements of Comprehensive Income	Three Months Ended June 30, 2015 Parent Subsidiary Issuers Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Total Revenues Vehicle rental $ — $ — $ 1,055 $ 478 $ — $ 1,533 Other — — 307 866 (533 ) 640 Net revenues — — 1,362 1,344 (533 ) 2,173 Expenses Operating 1 5 654 432 — 1,092 Vehicle depreciation and lease charges, net — — 476 500 (478 ) 498 Selling, general and administrative 9 3 162 107 — 281 Vehicle interest, net — — 52 78 (55 ) 75 Non-vehicle related depreciation and amortization — 1 33 22 — 56 Interest expense related to corporate debt, net: Interest expense — 42 (8 ) 11 — 45 Intercompany interest expense (income) (3 ) (3 ) 6 — — — Early extinguishment of debt — 23 — — — 23 Transaction-related costs, net — 12 — 6 — 18 Restructuring expense — — — 3 — 3 Total expenses 7 83 1,375 1,159 (533 ) 2,091 Income (loss) before income taxes and equity in earnings of subsidiaries (7 ) (83 ) (13 ) 185 — 82 Provision for (benefit from) income taxes (3 ) (127 ) 53 16 — (61 ) Equity in earnings of subsidiaries 147 103 169 — (419 ) — Net income $ 143 $ 147 $ 103 $ 169 $ (419 ) $ 143 Comprehensive income $ 151 $ 155 $ 111 $ 177 $ (443 ) $ 151 Six Months Ended June 30, 2015 Parent Subsidiary Issuers Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Total Revenues Vehicle rental $ — $ — $ 1,997 $ 855 $ — $ 2,852 Other — — 574 1,619 (1,022 ) 1,171 Net revenues — — 2,571 2,474 (1,022 ) 4,023 Expenses Operating 1 9 1,262 805 — 2,077 Vehicle depreciation and lease charges, net — — 912 931 (913 ) 930 Selling, general and administrative 17 6 302 204 — 529 Vehicle interest, net — — 101 151 (109 ) 143 Non-vehicle related depreciation and amortization — 1 66 38 — 105 Interest expense related to corporate debt, net: Interest expense — 82 (7 ) 22 — 97 Intercompany interest expense (income) (6 ) (5 ) 6 5 — — Early extinguishment of debt — 23 — — — 23 Transaction-related costs, net — 18 1 30 — 49 Restructuring expense — — 1 3 — 4 Total expenses 12 134 2,644 2,189 (1,022 ) 3,957 Income (loss) before income taxes and equity in earnings of subsidiaries (12 ) (134 ) (73 ) 285 — 66 Provision for (benefit from) income taxes (5 ) (147 ) 61 23 — (68 ) Equity in earnings of subsidiaries 141 128 262 — (531 ) — Net income $ 134 $ 141 $ 128 $ 262 $ (531 ) $ 134 Comprehensive income $ 48 $ 55 $ 44 $ 178 $ (277 ) $ 48 Three Months Ended June 30, 2016 Parent Subsidiary Issuers Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Total Revenues Vehicle rental $ — $ — $ 1,084 $ 489 $ — $ 1,573 Other — — 316 931 (577 ) 670 Net revenues — — 1,400 1,420 (577 ) 2,243 Expenses Operating 1 1 666 454 — 1,122 Vehicle depreciation and lease charges, net — — 528 529 (525 ) 532 Selling, general and administrative 9 5 170 128 — 312 Vehicle interest, net — — 49 76 (52 ) 73 Non-vehicle related depreciation and amortization — — 40 25 — 65 Interest expense related to corporate debt, net: Interest expense — 42 1 13 — 56 Intercompany interest expense (income) (3 ) (2 ) 5 — — — Early extinguishment of debt — 10 — — — 10 Restructuring expense — — 1 4 — 5 Transaction-related costs, net — — 1 4 — 5 Total expenses 7 56 1,461 1,233 (577 ) 2,180 Income (loss) before income taxes and equity in earnings of subsidiaries (7 ) (56 ) (61 ) 187 — 63 Provision for (benefit from) income taxes (3 ) (22 ) 37 15 — 27 Equity in earnings of subsidiaries 40 74 172 — (286 ) — Net income $ 36 $ 40 $ 74 $ 172 $ (286 ) $ 36 Comprehensive income $ 40 $ 44 $ 83 $ 180 $ (307 ) $ 40 Six Months Ended June 30, 2016 Parent Subsidiary Issuers Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Total Revenues Vehicle rental $ — $ — $ 2,013 $ 888 $ — $ 2,901 Other — — 587 1,725 (1,089 ) 1,223 Net revenues — — 2,600 2,613 (1,089 ) 4,124 Expenses Operating 2 11 1,294 855 — 2,162 Vehicle depreciation and lease charges, net — — 989 996 (990 ) 995 Selling, general and administrative 19 10 319 233 — 581 Vehicle interest, net — — 94 143 (99 ) 138 Non-vehicle related depreciation and amortization — 1 77 48 — 126 Interest expense related to corporate debt, net: Interest expense — 81 2 23 — 106 Intercompany interest expense (income) (6 ) (5 ) 11 — — — Early extinguishment of debt — 10 — — — 10 Restructuring expense — — 7 13 — 20 Transaction-related costs, net — 1 1 7 — 9 Total expenses 15 109 2,794 2,318 (1,089 ) 4,147 Income (loss) before income taxes and equity in earnings of subsidiaries (15 ) (109 ) (194 ) 295 — (23 ) Provision for (benefit from) income taxes (6 ) (43 ) 32 9 — (8 ) Equity in earnings (loss) of subsidiaries (6 ) 60 286 — (340 ) — Net income (loss) $ (15 ) $ (6 ) $ 60 $ 286 $ (340 ) $ (15 ) Comprehensive income $ 59 $ 68 $ 141 $ 365 $ (574 ) $ 59
Schedule Of Condensed Consolidating Balance Sheet Table	As of June 30, 2016 Parent Subsidiary Issuers Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Total Assets Current assets: Cash and cash equivalents $ 3 $ 81 $ — $ 443 $ — $ 527 Receivables, net — — 249 511 — 760 Other current assets 5 111 102 638 — 856 Total current assets 8 192 351 1,592 — 2,143 Property and equipment, net — 142 346 195 — 683 Deferred income taxes 20 1,232 255 — (17 ) 1,490 Goodwill — — 489 515 — 1,004 Other intangibles, net — 29 512 355 — 896 Other non-current assets 95 18 20 111 — 244 Intercompany receivables 166 348 1,166 767 (2,447 ) — Investment in subsidiaries 165 3,573 3,773 — (7,511 ) — Total assets exclusive of assets under vehicle programs 454 5,534 6,912 3,535 (9,975 ) 6,460 Assets under vehicle programs: Program cash — — — 182 — 182 Vehicles, net — 17 80 13,130 — 13,227 Receivables from vehicle manufacturers and other — 1 — 252 — 253 Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party — — — 361 — 361 — 18 80 13,925 — 14,023 Total assets $ 454 $ 5,552 $ 6,992 $ 17,460 $ (9,975 ) $ 20,483 Liabilities and stockholders’ equity Current liabilities: Accounts payable and other current liabilities $ 25 $ 189 $ 585 $ 944 $ — $ 1,743 Short-term debt and current portion of long-term debt — 15 4 9 — 28 Total current liabilities 25 204 589 953 — 1,771 Long-term debt — 2,986 2 514 — 3,502 Other non-current liabilities 90 97 237 366 (17 ) 773 Intercompany payables — 2,099 347 1 (2,447 ) — Total liabilities exclusive of liabilities under vehicle programs 115 5,386 1,175 1,834 (2,464 ) 6,046 Liabilities under vehicle programs: Debt — 1 71 3,106 — 3,178 Due to Avis Budget Rental Car Funding (AESOP) LLC-related party — — — 7,987 — 7,987 Deferred income taxes — — 2,173 177 — 2,350 Other — — — 583 — 583 — 1 2,244 11,853 — 14,098 Total stockholders’ equity 339 165 3,573 3,773 (7,511 ) 339 Total liabilities and stockholders’ equity $ 454 $ 5,552 $ 6,992 $ 17,460 $ (9,975 ) $ 20,483 As of December 31, 2015 Parent Subsidiary Issuers Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Total Assets Current assets: Cash and cash equivalents $ 4 $ 70 $ — $ 378 $ — $ 452 Receivables, net — — 212 456 — 668 Other current assets 2 78 83 344 — 507 Total current assets 6 148 295 1,178 — 1,627 Property and equipment, net — 134 345 202 — 681 Deferred income taxes 20 1,246 253 — (31 ) 1,488 Goodwill — — 487 486 — 973 Other intangibles, net — 30 525 362 — 917 Other non-current assets 93 15 17 107 — 232 Intercompany receivables 160 367 1,070 696 (2,293 ) — Investment in subsidiaries 272 3,426 3,680 — (7,378 ) — Total assets exclusive of assets under vehicle programs 551 5,366 6,672 3,031 (9,702 ) 5,918 Assets under vehicle programs: Program cash — — — 258 — 258 Vehicles, net — 18 78 10,562 — 10,658 Receivables from vehicle manufacturers and other — — — 438 — 438 Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party — — — 362 — 362 — 18 78 11,620 — 11,716 Total assets $ 551 $ 5,384 $ 6,750 $ 14,651 $ (9,702 ) $ 17,634 Liabilities and stockholders’ equity Current liabilities: Accounts payable and other current liabilities $ 24 $ 180 $ 471 $ 810 $ — $ 1,485 Short-term debt and current portion of long-term debt — 14 5 7 — 26 Total current liabilities 24 194 476 817 — 1,511 Long-term debt — 2,932 2 501 — 3,435 Other non-current liabilities 88 85 237 355 (31 ) 734 Intercompany payables — 1,897 336 60 (2,293 ) — Total liabilities exclusive of liabilities under vehicle programs 112 5,108 1,051 1,733 (2,324 ) 5,680 Liabilities under vehicle programs: Debt — 4 74 1,986 — 2,064 Due to Avis Budget Rental Car Funding (AESOP) LLC-related party — — — 6,796 — 6,796 Deferred income taxes — — 2,199 168 — 2,367 Other — — — 288 — 288 — 4 2,273 9,238 — 11,515 Total stockholders’ equity 439 272 3,426 3,680 (7,378 ) 439 Total liabilities and stockholders’ equity $ 551 $ 5,384 $ 6,750 $ 14,651 $ (9,702 ) $ 17,634
Consolidating Condensed Statements Of Cash Flows	Six Months Ended June 30, 2016 Parent Subsidiary Issuers Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net cash provided by operating activities $ 80 $ 144 $ 30 $ 896 $ (80 ) $ 1,070 Investing activities Property and equipment additions — (11 ) (46 ) (32 ) — (89 ) Proceeds received on asset sales — 4 1 2 — 7 Net assets acquired (net of cash acquired) — — (1 ) (2 ) — (3 ) Intercompany loan receipts (advances) — — 28 — (28 ) — Other, net 93 — — 4 (93 ) 4 Net cash provided by (used in) investing activities exclusive of vehicle programs 93 (7 ) (18 ) (28 ) (121 ) (81 ) Vehicle programs: Decrease in program cash — — — 82 — 82 Investment in vehicles — (2 ) (7 ) (8,491 ) — (8,500 ) Proceeds received on disposition of vehicles — 20 — 5,398 — 5,418 — 18 (7 ) (3,011 ) — (3,000 ) Net cash provided by (used in) investing activities 93 11 (25 ) (3,039 ) (121 ) (3,081 ) Financing activities Proceeds from long-term borrowings — 557 — 1 — 558 Payments on long-term borrowings — (518 ) (1 ) (1 ) — (520 ) Intercompany loan borrowings (payments) — — — (28 ) 28 — Repurchases of common stock (174 ) — — — — (174 ) Debt financing fees — (10 ) — — — (10 ) Other, net — (173 ) — — 173 — Net cash provided by (used in) financing activities exclusive of vehicle programs (174 ) (144 ) (1 ) (28 ) 201 (146 ) Vehicle programs: Proceeds from borrowings — — — 9,850 — 9,850 Payments on borrowings — — (4 ) (7,610 ) — (7,614 ) Debt financing fees — — — (17 ) (17 ) — — (4 ) 2,223 — 2,219 Net cash provided by (used in) financing activities (174 ) (144 ) (5 ) 2,195 201 2,073 Effect of changes in exchange rates on cash and cash equivalents — — — 13 — 13 Net increase (decrease) in cash and cash equivalents (1 ) 11 — 65 — 75 Cash and cash equivalents, beginning of period 4 70 — 378 — 452 Cash and cash equivalents, end of period $ 3 $ 81 $ — $ 443 $ — $ 527 Six Months Ended June 30, 2015 Parent Subsidiary Issuers Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Total Net cash provided by operating activities $ 3 $ 158 $ 69 $ 797 $ — $ 1,027 Investing activities Property and equipment additions — (11 ) (38 ) (31 ) — (80 ) Proceeds received on asset sales — 3 — 3 — 6 Net assets acquired (net of cash acquired) — (8 ) — (214 ) — (222 ) Intercompany loan receipts (advances) — (30 ) (94 ) — 124 — Other, net 114 (95 ) 1 — (21 ) (1 ) Net cash provided by (used in) investing activities exclusive of vehicle programs 114 (141 ) (131 ) (242 ) 103 (297 ) Vehicle programs: Increase in program cash — — — (30 ) — (30 ) Investment in vehicles — (1 ) (2 ) (7,936 ) — (7,939 ) Proceeds received on disposition of vehicles — 9 — 4,540 — 4,549 — 8 (2 ) (3,426 ) — (3,420 ) Net cash provided by (used in) investing activities 114 (133 ) (133 ) (3,668 ) 103 (3,717 ) Financing activities Proceeds from long-term borrowings — 375 — 1 — 376 Payments on long-term borrowings — (250 ) (2 ) (29 ) — (281 ) Net change in short-term borrowings — — — (13 ) — (13 ) Intercompany loan borrowings (payments) — — — 124 (124 ) — Repurchases of common stock (114 ) — — — — (114 ) Debt financing fees — (7 ) — — — (7 ) Other, net — (114 ) 70 23 21 — Net cash provided by (used in) financing activities exclusive of vehicle programs (114 ) 4 68 106 (103 ) (39 ) Vehicle programs: Proceeds from borrowings — — — 9,018 — 9,018 Payments on borrowings — — (4 ) (6,343 ) — (6,347 ) Debt financing fees — — — (17 ) — (17 ) — — (4 ) 2,658 — 2,654 Net cash provided by (used in) financing activities (114 ) 4 64 2,764 (103 ) 2,615 Effect of changes in exchange rates on cash and cash equivalents — — — (20 ) — (20 ) Net increase (decrease) in cash and cash equivalents 3 29 — (127 ) — (95 ) Cash and cash equivalents, beginning of period 2 210 — 412 — 624 Cash and cash equivalents, end of period $ 5 $ 239 $ — $ 285 $ — $ 529

Basis Of Presentation And Rec34

Basis Of Presentation And Recently Issued Accounting Pronouncements (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Basis Of Presentation And Recently Issued Accounting Pronouncements [Abstract]
Net unrealized gain or loss on foreign-currency transactions of intercompany loan hedges	$ (4)	$ (6)	$ (7)	$ (10)

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)Employee
2014 T15 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated	420
Restructuring and Related Cost, Number of Positions Eliminated	350
Restructuring and Related Cost, Expected Cost | $	$ 7
2015 Acquisition Integration [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated	105
Restructuring and Related Cost, Number of Positions Eliminated	90
Restructuring and Related Cost, Expected Cost | $	$ 3

Restructuring (Summary Of Chang

Restructuring (Summary Of Changes To Restructuring-Related Liabilities) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Restructuring Cost and Reserve [Line Items]
Document Period End Date			Jun. 30, 2016
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016			$ 11
Restructuring expense	$ 5	$ 3	20	$ 4
Balance as of June 30, 2016	9		9
Americas
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016			1
Balance as of June 30, 2016	1		1
International
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016			10
Balance as of June 30, 2016	8		8
2014 T15 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			15
Payment for Restructuring			(9)
2014 T15 Restructuring [Member] | Americas
Restructuring Reserve [Roll Forward]
Restructuring expense			8
Payment for Restructuring			(7)
2014 T15 Restructuring [Member] | International
Restructuring Reserve [Roll Forward]
Restructuring expense			7
Payment for Restructuring			(2)
2015 Acquisition Integration [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			6
Payment for Restructuring			(12)
2015 Acquisition Integration [Member] | Americas
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			(1)
2015 Acquisition Integration [Member] | International
Restructuring Reserve [Roll Forward]
Restructuring expense			6
Payment for Restructuring			(11)
2011 Avis Europe Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(1)
Payment for Restructuring			(1)
2011 Avis Europe Restructuring [Member] | Americas
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			0
2011 Avis Europe Restructuring [Member] | International
Restructuring Reserve [Roll Forward]
Restructuring expense			(1)
Payment for Restructuring			(1)
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016			10
Balance as of June 30, 2016	8		8
Employee Severance [Member] | 2014 T15 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			11
Payment for Restructuring			(6)
Employee Severance [Member] | 2015 Acquisition Integration [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			6
Payment for Restructuring			(12)
Employee Severance [Member] | 2011 Avis Europe Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			(1)
Facility Related [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016			1
Balance as of June 30, 2016	1		1
Facility Related [Member] | 2014 T15 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			1
Payment for Restructuring			0
Facility Related [Member] | 2015 Acquisition Integration [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			0
Facility Related [Member] | 2011 Avis Europe Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(1)
Payment for Restructuring			0
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016			0
Balance as of June 30, 2016	$ 0		0
Other Restructuring [Member] | 2014 T15 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			3
Payment for Restructuring			(3)
Other Restructuring [Member] | 2015 Acquisition Integration [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			0
Other Restructuring [Member] | 2011 Avis Europe Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			$ 0

Earnings Per Share (Computation

Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net income (loss) for basic and diluted EPS	$ 36	$ 143	$ (15)	$ 134
Basic weighted average shares outstanding	93.9	105.5	95.1	105.8
Options and non-vested stock (a)	1.2	1.2	0	1.3
Diluted weighted average shares outstanding	95.1	106.7	95.1	107.1
Basic	$ 0.39	$ 1.36	$ (0.16)	$ 1.27
Diluted	$ 0.38	$ 1.34	$ (0.16)	$ 1.25
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			0.8
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.2	0.2	1.5	0.1

Earnings Per Share Earnings P38

Earnings Per Share Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.2	0.2	1.5	0.1

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Other Current Assets Disclosure [Abstract]
Value Added Tax Receivable, Current	$ 434	$ 159
Prepaid Expense, Current	237	192
Other Assets, Miscellaneous, Current	185	156
Other current assets	$ 856	$ 507

Intangible Assets (Schedule Of

Intangible Assets (Schedule Of Intangible Assets) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	$ 530	$ 526
Amortized Intangible Assets, Accumulated Amortization	186	157
Amortized Intangible Assets, Net Carrying Amount	344	369
Unamortized Intangible Assets, Goodwill, Gross Carrying Amount	1,004	973
License Agreements [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	267	263
Amortized Intangible Assets, Accumulated Amortization	96	81
Amortized Intangible Assets, Net Carrying Amount	171	182
Customer Relationships [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	225	222
Amortized Intangible Assets, Accumulated Amortization	80	68
Amortized Intangible Assets, Net Carrying Amount	145	154
Other Intangible Assets [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	38	41
Amortized Intangible Assets, Accumulated Amortization	10	8
Amortized Intangible Assets, Net Carrying Amount	28	33
Goodwill [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Unamortized Intangible Assets, Goodwill, Gross Carrying Amount	1,004	973
Trademarks [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Unamortized Intangible Assets, Trademarks, Gross Carrying Amount	$ 552	$ 548

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Document Period End Date			Jun. 30, 2016
Amortization expense relating to all intangible assets	$ 16	$ 16	$ 33	$ 27
Amortization expense for remainder of the year	31		$ 31
Document Fiscal Year Focus			2,016
Intangible assets amortization expense, year one	55		$ 55
Intangible assets amortization expense, year two	42		42
Intangible assets amortization expense, year three	39		39
Intangible assets amortization expense, year four	38		38
Intangible assets amortization expense, year five	$ 23		$ 23

Vehicle Rental Activities (Comp

Vehicle Rental Activities (Components Of The Company's Vehicles) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Vehicle Rental Activities [Abstract]
Rental vehicles	$ 14,284	$ 11,195
Less: Accumulated depreciation	(1,429)	(1,500)
Rental Vehicles Net, Total	12,855	9,695
Vehicles held for sale	372	963
Vehicles, net	13,227	10,658
Accounts Payable, Other, Current	557	577
Other Receivables	$ 251	$ 217

Vehicle Rental Activities (Co43

Vehicle Rental Activities (Components Of Vehicle Depreciation And Lease Charges) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Vehicle Rental Activities [Abstract]
Other Receivables	$ 251		$ 251		$ 217
Depreciation expense	499	$ 490	931	$ 913
Lease charges	42	35	76	68
Gain on sale of vehicles, net	(9)	(27)	(12)	(51)
Vehicle depreciation and lease charges, net	$ 532	$ 498	$ 995	$ 930

Income Taxes Income Taxes (Narr

Income Taxes Income Taxes (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Taxes [Abstract]
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	34.80%	(103.00%)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		35.00%
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority			$ 98

Long-Term Debt And Borrowing 45

Long-Term Debt And Borrowing Arrangements (Schedule Of Long-Term Debt) (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Other	$ 59	$ 59	$ 46
Deferred Finance Costs, Net	(53)	(53)	(55)
Long-term Debt	3,530	3,530	3,461
Long-term Debt, Current Maturities	28	28	26
Long-term debt	3,502	3,502	3,435
Four And Seven Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 0	300
Debt Instrument, Maturity Date, Description		November 2,017
Four And Seven Over Eight Senior Notes [Member] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	4.875%	4.875%
Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Long-term debt	$ 144	$ 144	970
Debt Instrument, Maturity Date, Description		March 2,019
Debt Instrument, Description of Variable Rate Basis	225 basis points
Percentage Of Margin Aggregate Interest Rate	3.00%
Six Euro-Denominated Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 512	$ 512	502
Debt Instrument, Maturity Date, Description		March 2,021
Six Euro-Denominated Senior Notes [Member] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	6.00%	6.00%
Floating Rate Term Loan Due March Two Thousand Twenty Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.21%	2.50%
Long-term debt	$ 820	$ 820	0
Debt Instrument, Maturity Date, Description		March 2,022
Debt Instrument, Description of Variable Rate Basis	250 basis points
Percentage Of Margin Aggregate Interest Rate	32.50%
Five and One over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 400	$ 400	400
Debt Instrument, Maturity Date, Description		June 2,022
Five and One over Eight Senior Notes [Member] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	5.125%	5.125%
Five And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 674	$ 674	674
Debt Instrument, Maturity Date, Description		April 2,023
Five And One Over Two Senior Notes [Member] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	5.50%	5.50%
Six And Three Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 350	$ 350	0
Debt Instrument, Maturity Date, Description		April 2,024
Six And Three Over Eight Senior Notes [Member] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	6.375%	6.375%
Five And One Over Four Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 375	$ 375	375
Debt Instrument, Maturity Date, Description		March 2,025
Five And One Over Four Senior Notes [Member] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	5.25%	5.25%
Senior Notes [Member] | Four And Seven Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 300	$ 300
Senior Notes [Member] | Floating Rate Senior Notes Due December 2017 [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.58%
Long-term debt	$ 249	$ 249	$ 249
Debt Instrument, Maturity Date, Description		December 2,017
Debt Instrument, Description of Variable Rate Basis	275 basis points
Percentage Of Margin Aggregate Interest Rate	3.39%

Long-Term Debt And Borrowing 46

Long-Term Debt And Borrowing Arrangements (Schedule Of Long-Term Debt) (Detail Section)	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)
Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	200 basis points
Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	225 basis points
Percentage Of Margin Aggregate Interest Rate	3.00%
Floating rate	0.75%
Floating Rate Term Loan Due March Two Thousand Twenty Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	250 basis points
Percentage Of Margin Aggregate Interest Rate	32.50%
Debt Instrument, Basis Spread on Variable Rate	4.21%	2.50%
Floating rate	0.75%
Long Term Borrowings [Member] | Five And One Over Four Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.25%	5.25%
Long Term Borrowings [Member] | Five and One over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.125%	5.125%
Long Term Borrowings [Member] | Five And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.50%	5.50%
Long Term Borrowings [Member] | Six And Three Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.375%	6.375%
Senior Notes [Member] | Floating Rate Senior Notes Due December 2017 [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	275 basis points
Percentage Of Margin Aggregate Interest Rate	3.39%
Debt Instrument, Basis Spread on Variable Rate	3.58%
Loans Payable [Member] | Floating Rate Term Loan Due March Two Thousand Twenty Two [Member]
Debt Instrument [Line Items]
Derivative, Amount of Hedged Item	$ 600,000,000	$ 600,000,000
Minimum [Member] | Bank Overdraft [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period	1.50%
Maximum [Member] | Bank Overdraft [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period	3.13%

Long-Term Debt And Borrowing 47

Long-Term Debt And Borrowing Arrangements (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Document Period End Date		Jun. 30, 2016
Other Long-term Debt	$ 59	$ 59	$ 46
Deferred Finance Costs, Net	(53)	(53)	(55)
Long-term Debt	$ 3,530	$ 3,530	3,461
Uncommitted Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period	0.02%
Uncommitted Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period	4.50%
Six And Three Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		April 2,024
Long-term Debt, Gross	$ 350	$ 350	0
Six And Three Over Eight Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	350	$ 350
Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		March 2,019
Long-term Debt, Gross	$ 144	$ 144	970
Debt Instrument, Description of Variable Rate Basis	225 basis points
Five and One over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		June 2,022
Long-term Debt, Gross	$ 400	$ 400	400
Five And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		April 2,023
Long-term Debt, Gross	674	$ 674	674
Four And Seven Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		November 2,017
Long-term Debt, Gross	0	$ 0	300
Four And Seven Over Eight Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	300	300
Repayments of Debt		$ 304
Floating Rate Term Loan Due March Two Thousand Twenty Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		March 2,022
Long-term Debt, Gross	$ 820	$ 820	$ 0
Debt Instrument, Description of Variable Rate Basis	250 basis points
Debt Instrument, Face Amount	$ 825	$ 825
Debt Instrument, Basis Spread on Variable Rate	4.21%	2.50%
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	0.75%	0.75%

Long-Term Debt And Borrowing 48

Long-Term Debt And Borrowing Arrangements (Schedule Of Committed Credit Facilities) (Detail) $ in Millions	Jun. 30, 2016USD ($)
Revolving Credit Facility Maturing Two Thousand Sixteen [Member]
Line of Credit Facility [Line Items]
Total Capacity	$ 1,800
Outstanding Borrowings	0
Letters of Credit Issued	1,177
Available Capacity	623
Other Facilities [Member]
Line of Credit Facility [Line Items]
Total Capacity	3
Outstanding Borrowings	3
Letters of Credit Issued	0
Available Capacity	$ 0

Long-Term Debt And Borrowing 49

Long-Term Debt And Borrowing Arrangements (Schedule Of Committed Credit Facilities) (Detail Section) $ in Millions	3 Months Ended
	Jun. 30, 2016USD ($)
Line of Credit Facility [Line Items]
Amounts drawn under uncommitted credit facilities	$ 4
Minimum [Member] | Bank Overdraft [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	1.50%
Minimum [Member] | Uncommitted Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	0.02%
Maximum [Member] | Bank Overdraft [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	3.13%
Maximum [Member] | Uncommitted Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	4.50%

Debt Under Vehicle Programs A50

Debt Under Vehicle Programs And Borrowing Arrangements (Schedule Of Debt Under Vehicle Programs) (Detail) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Debt under vehicle programs	$ 11,165,000,000	$ 8,860,000,000
Deferred Finance Costs, Net	(53,000,000)	(55,000,000)
Debt Due To Avis Budget Rental Car Funding (Member)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	9,600,000,000
Debt under vehicle programs	8,029,000,000	6,837,000,000
Deferred Finance Costs, Net	42,000,000	41,000,000
Americas Debt Borrowings [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	1,200,000,000
Debt under vehicle programs	978,000,000	643,000,000
International Debt Borrowings [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	2,500,000,000
Debt under vehicle programs	2,033,000,000	1,187,000,000
International Capital Leases [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	200,000,000
Debt under vehicle programs	181,000,000	238,000,000
Other (Member)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Debt under vehicle programs	2,000,000	8,000,000
Debt Under Vehicle Programs [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Deferred Finance Costs, Net	$ (58,000,000)	$ (53,000,000)

Debt Under Vehicle Programs A51

Debt Under Vehicle Programs And Borrowing Arrangements (Schedule Of Contractual Maturities) (Detail) $ in Millions	Jun. 30, 2016USD ($)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Vehicle Program Debt Amount Outstanding	$ 11,223
Vehicle backed debt [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Within 1 year (a)	1,822
Between 1 and 2 years	2,785
Between 2 and 3 years	3,393
Between 3 and 4 years	1,481
Between 4 and 5 years	1,224
Thereafter	518
Vehicle Program Debt Amount Outstanding	$ 11,223

Debt Under Vehicle Programs A52

Debt Under Vehicle Programs And Borrowing Arrangements (Schedule Of Available Funding Under The Vehicle Programs) (Detail)	Jun. 30, 2016USD ($)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	$ 13,602,000,000
Outstanding Borrowings	11,223,000,000
Available Capacity	2,379,000,000
Debt Due To Avis Budget Rental Car Funding (Member)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	9,674,000,000
Outstanding Borrowings	8,029,000,000
Available Capacity	1,645,000,000
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	9,600,000,000
Americas Debt Borrowings [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	1,037,000,000
Outstanding Borrowings	978,000,000
Available Capacity	59,000,000
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	1,200,000,000
International Debt Borrowings [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	2,681,000,000
Outstanding Borrowings	2,033,000,000
Available Capacity	648,000,000
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	2,500,000,000
International Capital Leases [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	208,000,000
Outstanding Borrowings	181,000,000
Available Capacity	27,000,000
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	200,000,000
Other (Member)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	2,000,000
Outstanding Borrowings	2,000,000
Available Capacity	$ 0

Debt Under Vehicle Programs a53

Debt Under Vehicle Programs and Borrowing Arrangements Debt Under Vehicle Programs and Borrowing Arrangements (Details) - Debt Due To Avis Budget Rental Car Funding (Member) - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Asset-Backed Securities, at Carrying Value	$ 500	$ 450
Debt, Weighted Average Interest Rate	3.00%

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Schedule Of Commitments And Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 25
Loss Contingency, Range of Possible Loss, Portion Not Accrued	30
Purchase obligation over the next twelve months	3,300
Other Receivables	251	$ 217
Realogy [Member]
Schedule Of Commitments And Contingencies [Line Items]
Other Receivables	55
Wyndham [Member]
Schedule Of Commitments And Contingencies [Line Items]
Other Receivables	$ 33

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Stockholders Equity [Line Items]
Other Comprehensive Income Unrealized Gain Loss On Cash Flow Hedges Arising During Period Net Of Tax			$ (10)	$ 0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ 2	$ 2	4	4
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	1	2	2	(3)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax			(8)	$ (3)
Stock Repurchase Program, Authorized Amount	1,200		$ 1,200
Stock Repurchased During Period, Shares			6.5	2.2
Stock Repurchased During Period, Value			$ 180	$ 116
Stock Repurchase Program, Remaining Authorized Repurchase Amount	260		260
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	2	1	3	2
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	$ 1	$ 0	$ 2	$ 1

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Income) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	$ 2	$ 1	$ 3	$ 2
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	1	0	2	1
Currency Translation Adjustments, Balance			(80)	51
Net Unrealized Gains (Losses) on Cash Flow Hedges, Balance	(10)	(4)	(10)	(4)
Net Unrealized Gains on Available- For-Sale Securities, Balance			0	2
Currency Translation Adjustments, Balance			(65)	(74)
Accumulated Other Comprehensive Income, Balance			(147)	(22)
Currency Translation Adjustments, Current period change	8	8	80	(84)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(5)	0	(8)	(3)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	(1)	(1)	(2)	(2)
Accumulated Other Comprehensive Income, Current period change	4	8	74	(86)
Currency Translation Adjustments, Balance	0	(33)	0	(33)
Net Unrealized Gains (Losses) on Cash Flow Hedges, Balance			(2)	(1)
Net Unrealized Gains on Available- For-Sale Securities, Balance	0	1	0	1
Currency Translation Adjustments, Balance	(63)	(72)	(63)	(72)
Accumulated Other Comprehensive Income, Balance	(73)	(108)	(73)	(108)
Derivatives used in Net Investment Hedge, Net of Tax	62		62
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent			80	(84)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax			(8)	(3)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Net of Tax			2	(1)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			70	(82)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			4	(4)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax			0	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax			0	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	2	2	4	4
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	$ (1)	$ (2)	(2)	3
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax			0	(1)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax			$ 0	$ 3

Stockholders' Equity (Component

Stockholders' Equity (Components Of Other Comprehensive Income) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Equity [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	$ (5)	$ 7	$ 4	$ (17)
Net income (loss)	36	143	(15)	134
Currency translation adjustments (net of tax of $(24) and $0, respectively)	8	8	80	(84)
Net unrealized gain (loss) on available-for-sale securities (net of tax of $0 and $0, respectively)	0	(1)	0	(1)
Net unrealized gain (loss) on cash flow hedges (net of tax of $2 and $0, respectively)	(5)	0	(8)	(3)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	1	1	2	2
Other comprehensive income (loss)	4	8	74	(86)
Total comprehensive income (loss)	40	151	59	48
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	0	0	0	0
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	3	0	5	2
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	$ (1)	$ (1)	$ (1)	$ (1)

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 6	$ 6	$ 14	$ 11
Stock-based compensation expense (net of tax)	4	$ 4	$ 9	$ 7
Document Period End Date			Jun. 30, 2016
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation			$ 106
Employee service share based compensation incremental tax benefit to be realized from exercise of stock awards	$ 41		41
Cash Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value			$ 2

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Share Based Payment Other Than Options Valuation Assumptions) (Detail)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility of stock price	46.20%	37.00%
Risk-free interest rate	0.99%	0.74%
Valuation period	P3Y0M0D	P3Y0M0D
Dividend yield	0.00%	0.00%

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Based Compensation Activity) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ 106
Number of Options, Balance	821		827
Options outstanding, intrinsic value	$ 24		$ 28
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 25	$ 24
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months		3 years 3 months
Time-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Price, Balance	$ 43.34
Weighted Average Grant Price, Granted at fair market value	25.86	$ 61.17
Weighted Average Grant Price, Vested/exercised	34.93
Weighted Average Grant Price, Canceled	39.02
Weighted Average Grant Price, Balance	$ 36.45		$ 43.34
Number of RSUs, Balance	819
Number of RSUs, Granted at fair market value	584
Number of RSUs, Vested/exercised	(377)
Number of RSUs, Canceled	(13)
Number of RSUs, Balance	1,013		819
Performance-Based and Market-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Price, Balance	$ 35.18
Weighted Average Grant Price, Granted at fair market value	23.29	$ 55.51
Weighted Average Grant Price, Vested/exercised	25.12
Weighted Average Grant Price, Canceled	24.04
Weighted Average Grant Price, Balance	$ 34.20		$ 35.18
Number of RSUs, Balance	941
Number of RSUs, Granted at fair market value	526
Number of RSUs, Vested/exercised	(486)
Number of RSUs, Canceled	(41)
Number of RSUs, Balance	940		941
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding	$ 30
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	1 year 6 months
Cash Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Price, Balance	$ 18.04
Weighted Average Grant Price, Granted at fair market value	0
Weighted Average Grant Price, Vested/exercised	18.04
Weighted Average Grant Price, Canceled	0
Weighted Average Grant Price, Balance	$ 0		$ 18.04
Number of RSUs, Balance	111
Number of RSUs, Granted at fair market value	0
Number of RSUs, Vested/exercised	(111)
Number of RSUs, Canceled	0
Number of RSUs, Balance	0		111
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding	$ 33
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 41

Stock-Based Compensation (Sum61

Stock-Based Compensation (Summary Of Share Based Compensation Shares Authorized Under Stock Option Plans By Exercise Price Range) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	821	827
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 2.88	$ 2.87
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	(6)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 0.79
Options outstanding, intrinsic value	$ 24	$ 28
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months	3 years 3 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	0

Financial Instruments (Schedule

Financial Instruments (Schedule Of Carrying Amounts And Estimated Fair Values) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Short-term debt and current portion of long-term debt	$ 28	$ 26
Long-term Debt, Excluding Current Maturities	3,502	3,435
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	7,987	6,796
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Debt Instrument [Line Items]
Short-term debt and current portion of long-term debt	28	26
Long-term Debt, Excluding Current Maturities	3,502	3,435
Vehicle-backed debt	3,176	2,060
Debt Under Vehicle Programs Interest Rate Swaps And Interest Rate Contracts	2	4
Estimate Of Fair Value, Fair Value Disclosure [Member]
Debt Instrument [Line Items]
Short-term debt and current portion of long-term debt	28	26
Long-term Debt, Excluding Current Maturities	3,478	3,478
Debt Due To Avis Budget Rental Car Funding Aesop Llc Related Party	8,070	6,836
Vehicle-backed debt	3,193	2,071
Debt Under Vehicle Programs Interest Rate Swaps And Interest Rate Contracts	$ 2	$ 4

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Detail) gal in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)gal	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)gal	Jun. 30, 2015USD ($)
Schedule of Cost-method Investments [Line Items]
Document Period End Date			Jun. 30, 2016
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ 7		$ 7
Derivative Instruments, Gain (Loss) Recognized in Income, Net	25	$ (26)	(4)	$ 43
Interest Rate Caps [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	9,608		9,608
Interest Rate Caps [Member] | Interest Rate Caps Purchased [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	2,300		2,300
Interest Rate Caps [Member] | Interest Rate Caps Purchased [Member] | Subsidiary Issuers [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	5,000		5,000
Interest Rate Caps [Member] | Interest Rate Caps Sold [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	7,300		7,300
Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	$ 2,400		$ 2,400
Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Units Of Gasoline | gal	10		10
Currency Swap [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	$ 993		$ 993
Not Designated As Hedging Instruments [Member] | Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	2	4	0	4
Interest Expense [Member]
Schedule of Cost-method Investments [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	26	$ 19	35	2
Operating Expense [Member]
Schedule of Cost-method Investments [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ 4		$ 23	$ 14

Financial Instruments (Fair Val

Financial Instruments (Fair Values Of Derivatives Instruments) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	$ 19	$ 18
Fair Value, Liability Derivatives	34	13
Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	0	1
Fair Value, Liability Derivatives	15	5
Not Designated As Hedging Instruments [Member] | Foreign Exchange Contract [Member]
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	19	16
Fair Value, Liability Derivatives	17	2
Not Designated As Hedging Instruments [Member] | Interest Rate Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	0	1
Fair Value, Liability Derivatives	2	5
Not Designated As Hedging Instruments [Member] | Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	0	0
Fair Value, Liability Derivatives	$ 0	$ 1

Financial Instruments (Schedu65

Financial Instruments (Schedule Of Effect Of Derivatives Recognized) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Schedule of Cost-method Investments [Line Items]
Long-term Debt, Current Maturities	$ 28		$ 28		$ 26
Derivatives not designated as hedging instruments	25	$ (26)	(4)	$ 43
Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items]
Derivative, Notional Amount	2,400		2,400
Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items]
Interest rate swaps	(5)	0	(8)	(3)
Designated As Hedging Instruments [Member] | Foreign Exchange Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Interest rate swaps	7	(11)	(7)	26
Not Designated As Hedging Instruments [Member] | Foreign Exchange Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Derivatives not designated as hedging instruments	22	(19)	12	16
Not Designated As Hedging Instruments [Member] | Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Derivatives not designated as hedging instruments	2	4	0	4
Not Designated As Hedging Instruments [Member] | Interest Rate Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Derivatives not designated as hedging instruments	(1)	$ 0	(1)	0
Operating Expense [Member]
Schedule of Cost-method Investments [Line Items]
Derivatives not designated as hedging instruments	$ 4		$ 23	$ 14

Segment Information (Summary Of

Segment Information (Summary Of Segments Information) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Assets Under Vehicle Programs	$ 14,023		$ 14,023		$ 11,716
Document Fiscal Year Focus			2,016
Revenues	2,243	$ 2,173	$ 4,124	$ 4,023
Adjusted EBITDA	204	227	248	344
Non-vehicle related depreciation and amortization	65	56	126	105
Interest expense	56	45	106	97
Early extinguishment of debt	10	23	10	23
Transaction-related costs, net	5	18	9	49
Restructuring expense	5	3	20	4
Income before income taxes	63	82	(23)	66
Americas
Segment Reporting Information [Line Items]
Assets Under Vehicle Programs	10,900		10,900		9,400
Revenues	1,593	1,556	2,957	2,931
Adjusted EBITDA	163	178	226	293
International
Segment Reporting Information [Line Items]
Assets Under Vehicle Programs	3,100		3,100		$ 2,300
Revenues	650	617	1,167	1,092
Adjusted EBITDA	57	61	58	77
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Adjusted EBITDA	$ (16)	$ (12)	$ (36)	$ (26)

Segment Information (Narrative)

Segment Information (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Document Period End Date			Jun. 30, 2016
Revenues	$ 2,243	$ 2,173	$ 4,124	$ 4,023
Adjusted EBITDA	204	227	248	344
Non Vehicle Related Depreciation And Amortization	65	56	126	105
Restructuring expense	5	3	20	4
Income (loss) before income taxes	63	82	(23)	66
Assets Under Vehicle Programs	14,023		14,023		$ 11,716
International
Segment Reporting Information [Line Items]
Revenues	650	617	1,167	1,092
Adjusted EBITDA	57	61	58	77
Assets Under Vehicle Programs	3,100		3,100		2,300
Americas
Segment Reporting Information [Line Items]
Revenues	1,593	1,556	2,957	2,931
Adjusted EBITDA	163	178	226	293
Assets Under Vehicle Programs	10,900		10,900		$ 9,400
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Adjusted EBITDA	$ (16)	$ (12)	$ (36)	$ (26)

Guarantor And Non-Guarantor C68

Guarantor And Non-Guarantor Consolidating Condensed Financial Statements (Consolidating Condensed Statements Of Comprehensive Income) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues
Vehicle rental	$ 1,573	$ 1,533	$ 2,901	$ 2,852
Other	670	640	1,223	1,171
Net revenues	2,243	2,173	4,124	4,023
Expenses
Operating	1,122	1,092	2,162	2,077
Vehicle depreciation and lease charges, net	532	498	995	930
Selling, general and administrative	312	281	581	529
Vehicle interest, net	73	75	138	143
Non-vehicle related depreciation and amortization	65	56	126	105
Interest expense	56	45	106	97
Intercompany interest expense (income)	0	0	0	0
Early extinguishment of debt	10	23	10	23
Restructuring expense	5	3	20	4
Transaction-related costs, net	5	18	9	49
Total expenses	2,180	2,091	4,147	3,957
Income before income taxes	63	82	(23)	66
Provision for (benefit from) income taxes	(27)	61	8	68
Equity in earnings (loss) of subsidiaries	0	0	0	0
Net income (loss)	36	143	(15)	134
Comprehensive income (loss)	(40)	(151)	(59)	(48)
Parent Company [Member]
Revenues
Vehicle rental	0	0	0	0
Other	0	0	0	0
Net revenues	0	0	0	0
Expenses
Operating	1	1	2	1
Vehicle depreciation and lease charges, net	0	0	0	0
Selling, general and administrative	9	9	19	17
Vehicle interest, net	0	0	0	0
Non-vehicle related depreciation and amortization	0	0	0	0
Interest expense	0	0	0	0
Intercompany interest expense (income)	(3)	(3)	(6)	(6)
Early extinguishment of debt	0	0	0	0
Restructuring expense	0	0	0	0
Transaction-related costs, net	0	0	0	0
Total expenses	7	7	15	12
Income before income taxes	(7)	(7)	(15)	(12)
Provision for (benefit from) income taxes	3	3	6	5
Equity in earnings (loss) of subsidiaries	40	147	(6)	141
Net income (loss)	36	143	(15)	134
Comprehensive income (loss)	(40)	(151)	(59)	(48)
Subsidiary Issuers [Member]
Revenues
Vehicle rental	0	0	0	0
Other	0	0	0	0
Net revenues	0	0	0	0
Expenses
Operating	1	5	11	9
Vehicle depreciation and lease charges, net	0	0	0	0
Selling, general and administrative	5	3	10	6
Vehicle interest, net	0	0	0	0
Non-vehicle related depreciation and amortization	0	1	1	1
Interest expense	42	42	81	82
Intercompany interest expense (income)	(2)	(3)	(5)	(5)
Early extinguishment of debt	10	23	10	23
Restructuring expense	0	0	0	0
Transaction-related costs, net	0	12	1	18
Total expenses	56	83	109	134
Income before income taxes	(56)	(83)	(109)	(134)
Provision for (benefit from) income taxes	22	127	43	147
Equity in earnings (loss) of subsidiaries	74	103	60	128
Net income (loss)	40	147	(6)	141
Comprehensive income (loss)	(44)	(155)	(68)	(55)
Guarantor Subsidiaries [Member]
Revenues
Vehicle rental	1,084	1,055	2,013	1,997
Other	316	307	587	574
Net revenues	1,400	1,362	2,600	2,571
Expenses
Operating	666	654	1,294	1,262
Vehicle depreciation and lease charges, net	528	476	989	912
Selling, general and administrative	170	162	319	302
Vehicle interest, net	49	52	94	101
Non-vehicle related depreciation and amortization	40	33	77	66
Interest expense	1	(8)	2	(7)
Intercompany interest expense (income)	5	6	11	6
Early extinguishment of debt	0	0	0	0
Restructuring expense	1	0	7	1
Transaction-related costs, net	1	0	1	1
Total expenses	1,461	1,375	2,794	2,644
Income before income taxes	(61)	(13)	(194)	(73)
Provision for (benefit from) income taxes	(37)	(53)	(32)	(61)
Equity in earnings (loss) of subsidiaries	172	169	286	262
Net income (loss)	74	103	60	128
Comprehensive income (loss)	(83)	(111)	(141)	(44)
Non-Guarantor Subsidiaries [Member]
Revenues
Vehicle rental	489	478	888	855
Other	931	866	1,725	1,619
Net revenues	1,420	1,344	2,613	2,474
Expenses
Operating	454	432	855	805
Vehicle depreciation and lease charges, net	529	500	996	931
Selling, general and administrative	128	107	233	204
Vehicle interest, net	76	78	143	151
Non-vehicle related depreciation and amortization	25	22	48	38
Interest expense	13	11	23	22
Intercompany interest expense (income)	0	0	0	5
Early extinguishment of debt	0	0	0	0
Restructuring expense	4	3	13	3
Transaction-related costs, net	4	6	7	30
Total expenses	1,233	1,159	2,318	2,189
Income before income taxes	187	185	295	285
Provision for (benefit from) income taxes	(15)	(16)	(9)	(23)
Equity in earnings (loss) of subsidiaries	0	0	0	0
Net income (loss)	172	169	286	262
Comprehensive income (loss)	(180)	(177)	(365)	(178)
Eliminations [Member]
Revenues
Vehicle rental	0	0	0	0
Other	(577)	(533)	(1,089)	(1,022)
Net revenues	(577)	(533)	(1,089)	(1,022)
Expenses
Operating	0	0	0	0
Vehicle depreciation and lease charges, net	(525)	(478)	(990)	(913)
Selling, general and administrative	0	0	0	0
Vehicle interest, net	(52)	(55)	(99)	(109)
Non-vehicle related depreciation and amortization	0	0	0	0
Interest expense	0	0	0	0
Intercompany interest expense (income)	0	0	0	0
Early extinguishment of debt	0	0	0	0
Restructuring expense	0	0	0	0
Transaction-related costs, net	0	0	0	0
Total expenses	(577)	(533)	(1,089)	(1,022)
Income before income taxes	0	0	0	0
Provision for (benefit from) income taxes	0	0	0	0
Equity in earnings (loss) of subsidiaries	(286)	(419)	(340)	(531)
Net income (loss)	(286)	(419)	(340)	(531)
Comprehensive income (loss)	$ 307	$ 443	$ 574	$ 277

Guarantor And Non-Guarantor C69

Guarantor And Non-Guarantor Consolidating Condensed Financial Statements (Consolidating Condensed Balance Sheets) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 527	$ 452	$ 529	$ 624
Receivables, net	760	668
Other current assets	856	507
Total current assets	2,143	1,627
Property and equipment, net	683	681
Deferred income taxes	1,490	1,488
Goodwill	1,004	973
Other intangibles, net	896	917
Other non-current assets	244	232
Intercompany receivables (payables)	0	0
Investment in subsidiaries	0	0
Total assets exclusive of assets under vehicle programs	6,460	5,918
Assets under vehicle programs:
Program cash	182	258
Vehicles, net	13,227	10,658
Receivables from vehicle manufacturers and other	253	438
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	361	362
Total Assets under vehicle programs	14,023	11,716
Total assets	20,483	17,634
Current liabilities:
Accounts payable and other current liabilities	1,743	1,485
Long-term Debt, Current Maturities	28	26
Total current liabilities	1,771	1,511
Long-term debt	3,502	3,435
Other non-current liabilities	773	734
Due to Related Parties, Noncurrent	0	0
Total liabilities exclusive of liabilities under vehicle programs	6,046	5,680
Liabilities under vehicle programs:
Debt	3,178	2,064
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	7,987	6,796
Deferred income taxes	2,350	2,367
Other	583	288
Total Liabilities under vehicle programs	14,098	11,515
Total stockholders' equity	339	439
Total liabilities and stockholders’ equity	20,483	17,634
Parent [Member]
Current assets:
Cash and cash equivalents	3	4	5	2
Receivables, net	0	0
Other current assets	5	2
Total current assets	8	6
Property and equipment, net	0	0
Deferred income taxes	20	20
Goodwill	0	0
Other intangibles, net	0	0
Other non-current assets	95	93
Intercompany receivables (payables)	166	160
Investment in subsidiaries	165	272
Total assets exclusive of assets under vehicle programs	454	551
Assets under vehicle programs:
Program cash	0	0
Vehicles, net	0	0
Receivables from vehicle manufacturers and other	0	0
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	0	0
Total Assets under vehicle programs	0	0
Total assets	454	551
Current liabilities:
Accounts payable and other current liabilities	25	24
Long-term Debt, Current Maturities	0	0
Total current liabilities	25	24
Long-term debt	0	0
Other non-current liabilities	90	88
Due to Related Parties, Noncurrent	0	0
Total liabilities exclusive of liabilities under vehicle programs	115	112
Liabilities under vehicle programs:
Debt	0	0
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	0	0
Deferred income taxes	0	0
Other	0	0
Total Liabilities under vehicle programs	0	0
Total stockholders' equity	339	439
Total liabilities and stockholders’ equity	454	551
Subsidiary Issuers [Member]
Current assets:
Cash and cash equivalents	81	70	239	210
Receivables, net	0	0
Other current assets	111	78
Total current assets	192	148
Property and equipment, net	142	134
Deferred income taxes	1,232	1,246
Goodwill	0	0
Other intangibles, net	29	30
Other non-current assets	18	15
Intercompany receivables (payables)	348	367
Investment in subsidiaries	3,573	3,426
Total assets exclusive of assets under vehicle programs	5,534	5,366
Assets under vehicle programs:
Program cash	0	0
Vehicles, net	17	18
Receivables from vehicle manufacturers and other	1	0
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	0	0
Total Assets under vehicle programs	18	18
Total assets	5,552	5,384
Current liabilities:
Accounts payable and other current liabilities	189	180
Long-term Debt, Current Maturities	15	14
Total current liabilities	204	194
Long-term debt	2,986	2,932
Other non-current liabilities	97	85
Due to Related Parties, Noncurrent	2,099	1,897
Total liabilities exclusive of liabilities under vehicle programs	5,386	5,108
Liabilities under vehicle programs:
Debt	1	4
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	0	0
Deferred income taxes	0	0
Other	0	0
Total Liabilities under vehicle programs	1	4
Total stockholders' equity	165	272
Total liabilities and stockholders’ equity	5,552	5,384
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Receivables, net	249	212
Other current assets	102	83
Total current assets	351	295
Property and equipment, net	346	345
Deferred income taxes	255	253
Goodwill	489	487
Other intangibles, net	512	525
Other non-current assets	20	17
Intercompany receivables (payables)	1,166	1,070
Investment in subsidiaries	3,773	3,680
Total assets exclusive of assets under vehicle programs	6,912	6,672
Assets under vehicle programs:
Program cash	0	0
Vehicles, net	80	78
Receivables from vehicle manufacturers and other	0	0
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	0	0
Total Assets under vehicle programs	80	78
Total assets	6,992	6,750
Current liabilities:
Accounts payable and other current liabilities	585	471
Long-term Debt, Current Maturities	4	5
Total current liabilities	589	476
Long-term debt	2	2
Other non-current liabilities	237	237
Due to Related Parties, Noncurrent	347	336
Total liabilities exclusive of liabilities under vehicle programs	1,175	1,051
Liabilities under vehicle programs:
Debt	71	74
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	0	0
Deferred income taxes	2,173	2,199
Other	0	0
Total Liabilities under vehicle programs	2,244	2,273
Total stockholders' equity	3,573	3,426
Total liabilities and stockholders’ equity	6,992	6,750
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	443	378	285	412
Receivables, net	511	456
Other current assets	638	344
Total current assets	1,592	1,178
Property and equipment, net	195	202
Deferred income taxes	0	0
Goodwill	515	486
Other intangibles, net	355	362
Other non-current assets	111	107
Intercompany receivables (payables)	767	696
Investment in subsidiaries	0	0
Total assets exclusive of assets under vehicle programs	3,535	3,031
Assets under vehicle programs:
Program cash	182	258
Vehicles, net	13,130	10,562
Receivables from vehicle manufacturers and other	252	438
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	361	362
Total Assets under vehicle programs	13,925	11,620
Total assets	17,460	14,651
Current liabilities:
Accounts payable and other current liabilities	944	810
Long-term Debt, Current Maturities	9	7
Total current liabilities	953	817
Long-term debt	514	501
Other non-current liabilities	366	355
Due to Related Parties, Noncurrent	1	60
Total liabilities exclusive of liabilities under vehicle programs	1,834	1,733
Liabilities under vehicle programs:
Debt	3,106	1,986
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	7,987	6,796
Deferred income taxes	177	168
Other	583	288
Total Liabilities under vehicle programs	11,853	9,238
Total stockholders' equity	3,773	3,680
Total liabilities and stockholders’ equity	17,460	14,651
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Receivables, net	0	0
Other current assets	0	0
Total current assets	0	0
Property and equipment, net	0	0
Deferred income taxes	(17)	(31)
Goodwill	0	0
Other intangibles, net	0	0
Other non-current assets	0	0
Intercompany receivables (payables)	(2,447)	(2,293)
Investment in subsidiaries	(7,511)	(7,378)
Total assets exclusive of assets under vehicle programs	(9,975)	(9,702)
Assets under vehicle programs:
Program cash	0	0
Vehicles, net	0	0
Receivables from vehicle manufacturers and other	0	0
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	0	0
Total Assets under vehicle programs	0	0
Total assets	(9,975)	(9,702)
Current liabilities:
Accounts payable and other current liabilities	0	0
Long-term Debt, Current Maturities	0	0
Total current liabilities	0	0
Long-term debt	0	0
Other non-current liabilities	(17)	(31)
Due to Related Parties, Noncurrent	(2,447)	(2,293)
Total liabilities exclusive of liabilities under vehicle programs	(2,464)	(2,324)
Liabilities under vehicle programs:
Debt	0	0
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	0	0
Deferred income taxes	0	0
Other	0	0
Total Liabilities under vehicle programs	0	0
Total stockholders' equity	(7,511)	(7,378)
Total liabilities and stockholders’ equity	$ (9,975)	$ (9,702)

Guarantor And Non-Guarantor C70

Guarantor And Non-Guarantor Consolidating Condensed Financial Statements (Consolidating Condensed Statements Of Cash Flows) (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	$ 1,070	$ 1,027
Property and equipment additions	(89)	(80)
Proceeds received on asset sales	7	6
Payments to Acquire Restricted Investments	(3)	(222)
Other, net	4	(1)
Net cash used in investing activities exclusive of vehicle programs	(81)	(297)
Decrease (increase) in program cash	82	(30)
Investment in vehicles	(8,500)	(7,939)
Proceeds received on disposition of vehicles	5,418	4,549
Net cash used in investing activities of vehicle programs	(3,000)	(3,420)
Net cash used in investing activities	(3,081)	(3,717)
Proceeds from long-term borrowings	558	376
Principal payments on borrowings	(520)	(281)
Net change in short-term borrowings	0	(13)
Intercompany loan borrowings	0	0
Proceeds from (Repayments of) Related Party Debt	0	0
Repurchases of common stock	(174)	(114)
Debt financing fees	(10)	(7)
Other, net	0	0
Net cash provided by financing activities exclusive of vehicle programs	(146)	(39)
Proceeds from borrowings	9,850	9,018
Principal payments on borrowings	(7,614)	(6,347)
Debt financing fees	(17)	(17)
Net cash provided by financing activities of vehicle programs	2,219	2,654
Net cash provided by financing activities	2,073	2,615
Effect of changes in exchange rates on cash and cash equivalents	13	(20)
Net increase in cash and cash equivalents	75	(95)
Cash and cash equivalents, beginning of period	452	624
Cash and cash equivalents, end of period	527	529
Parent [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	80	3
Property and equipment additions	0	0
Proceeds received on asset sales	0	0
Payments to Acquire Restricted Investments	0	0
Other, net	93	114
Net cash used in investing activities exclusive of vehicle programs	93	114
Decrease (increase) in program cash	0	0
Investment in vehicles	0	0
Proceeds received on disposition of vehicles	0	0
Net cash used in investing activities of vehicle programs	0	0
Net cash used in investing activities	93	114
Proceeds from long-term borrowings	0	0
Principal payments on borrowings	0	0
Net change in short-term borrowings		0
Intercompany loan borrowings	0	0
Proceeds from (Repayments of) Related Party Debt	0	0
Repurchases of common stock	(174)	(114)
Debt financing fees	0	0
Other, net	0	0
Net cash provided by financing activities exclusive of vehicle programs	(174)	(114)
Proceeds from borrowings	0	0
Principal payments on borrowings	0	0
Debt financing fees	0	0
Net cash provided by financing activities of vehicle programs	0	0
Net cash provided by financing activities	(174)	(114)
Effect of changes in exchange rates on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	(1)	3
Cash and cash equivalents, beginning of period	4	2
Cash and cash equivalents, end of period	3	5
Subsidiary Issuers [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	144	158
Property and equipment additions	(11)	(11)
Proceeds received on asset sales	4	3
Payments to Acquire Restricted Investments	0	(8)
Other, net	0	(95)
Net cash used in investing activities exclusive of vehicle programs	(7)	(141)
Decrease (increase) in program cash	0	0
Investment in vehicles	(2)	(1)
Proceeds received on disposition of vehicles	20	9
Net cash used in investing activities of vehicle programs	18	8
Net cash used in investing activities	11	(133)
Proceeds from long-term borrowings	557	375
Principal payments on borrowings	(518)	(250)
Net change in short-term borrowings		0
Intercompany loan borrowings	0	0
Proceeds from (Repayments of) Related Party Debt	0	(30)
Repurchases of common stock	0	0
Debt financing fees	(10)	(7)
Other, net	(173)	(114)
Net cash provided by financing activities exclusive of vehicle programs	(144)	4
Proceeds from borrowings	0	0
Principal payments on borrowings	0	0
Debt financing fees	0	0
Net cash provided by financing activities of vehicle programs	0	0
Net cash provided by financing activities	(144)	4
Effect of changes in exchange rates on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	11	29
Cash and cash equivalents, beginning of period	70	210
Cash and cash equivalents, end of period	81	239
Guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	30	69
Property and equipment additions	(46)	(38)
Proceeds received on asset sales	1	0
Payments to Acquire Restricted Investments	(1)	0
Other, net	0	1
Net cash used in investing activities exclusive of vehicle programs	(18)	(131)
Decrease (increase) in program cash	0	0
Investment in vehicles	(7)	(2)
Proceeds received on disposition of vehicles	0	0
Net cash used in investing activities of vehicle programs	(7)	(2)
Net cash used in investing activities	(25)	(133)
Proceeds from long-term borrowings	0	0
Principal payments on borrowings	(1)	(2)
Net change in short-term borrowings		0
Intercompany loan borrowings	0	0
Proceeds from (Repayments of) Related Party Debt	28	(94)
Repurchases of common stock	0	0
Debt financing fees	0	0
Other, net	0	70
Net cash provided by financing activities exclusive of vehicle programs	(1)	68
Proceeds from borrowings	0	0
Principal payments on borrowings	(4)	(4)
Debt financing fees	0	0
Net cash provided by financing activities of vehicle programs	(4)	(4)
Net cash provided by financing activities	(5)	64
Effect of changes in exchange rates on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Non-Guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	896	797
Property and equipment additions	(32)	(31)
Proceeds received on asset sales	2	3
Payments to Acquire Restricted Investments	(2)	(214)
Other, net	4	0
Net cash used in investing activities exclusive of vehicle programs	(28)	(242)
Decrease (increase) in program cash	82	(30)
Investment in vehicles	(8,491)	(7,936)
Proceeds received on disposition of vehicles	5,398	4,540
Net cash used in investing activities of vehicle programs	(3,011)	(3,426)
Net cash used in investing activities	(3,039)	(3,668)
Proceeds from long-term borrowings	1	1
Principal payments on borrowings	(1)	(29)
Net change in short-term borrowings		(13)
Intercompany loan borrowings	(28)	124
Proceeds from (Repayments of) Related Party Debt	0	0
Repurchases of common stock	0	0
Debt financing fees	0	0
Other, net	0	23
Net cash provided by financing activities exclusive of vehicle programs	(28)	106
Proceeds from borrowings	9,850	9,018
Principal payments on borrowings	(7,610)	(6,343)
Debt financing fees	(17)	(17)
Net cash provided by financing activities of vehicle programs	2,223	2,658
Net cash provided by financing activities	2,195	2,764
Effect of changes in exchange rates on cash and cash equivalents	13	(20)
Net increase in cash and cash equivalents	65	(127)
Cash and cash equivalents, beginning of period	378	412
Cash and cash equivalents, end of period	443	285
Eliminations [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	(80)	0
Property and equipment additions	0	0
Proceeds received on asset sales	0	0
Payments to Acquire Restricted Investments	0	0
Other, net	(93)	(21)
Net cash used in investing activities exclusive of vehicle programs	(121)	103
Decrease (increase) in program cash	0	0
Investment in vehicles	0	0
Proceeds received on disposition of vehicles	0	0
Net cash used in investing activities of vehicle programs	0	0
Net cash used in investing activities	(121)	103
Proceeds from long-term borrowings	0	0
Principal payments on borrowings	0	0
Net change in short-term borrowings		0
Intercompany loan borrowings	28	(124)
Proceeds from (Repayments of) Related Party Debt	(28)	124
Repurchases of common stock	0	0
Debt financing fees	0	0
Other, net	173	21
Net cash provided by financing activities exclusive of vehicle programs	201	(103)
Proceeds from borrowings	0	0
Principal payments on borrowings	0	0
Debt financing fees		0
Net cash provided by financing activities of vehicle programs	0	0
Net cash provided by financing activities	201	(103)
Effect of changes in exchange rates on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	$ 0	$ 0