Avis Budget (CAR) 10-Q 30 Oct 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 27, 2020
Cover [Abstract]
Title of 12(b) Security	Common Stock, Par Value $0.01
Document Transition Report	false
Document Quarterly Report	true
Entity Incorporation, State or Country Code	DE
Document Period End Date	Sep. 30, 2020
Entity File Number	001-10308
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Trading Symbol	CAR
Entity Registrant Name	Avis Budget Group, Inc.
Entity Central Index Key	0000723612
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Tax Identification Number	06-0918165
Entity Address, Address Line One	6 Sylvan Way
Entity Address, City or Town	Parsippany,
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07054
City Area Code	(973)
Local Phone Number	496-4700
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		69,683,361

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Revenues	$ 1,534,000,000	$ 2,753,000,000	$ 4,047,000,000	$ 7,010,000,000
Expenses
Operating	825,000,000	1,291,000,000	2,505,000,000	3,534,000,000
Cost, Depreciation	256,000,000	551,000,000	1,089,000,000	1,579,000,000
Selling, General and Administrative Expense	166,000,000	350,000,000	549,000,000	947,000,000
Vehicle interest, net	77,000,000	90,000,000	247,000,000	261,000,000
Non-vehicle related depreciation and amortization	74,000,000	62,000,000	214,000,000	195,000,000
Interest expense	64,000,000	49,000,000	163,000,000	139,000,000
Early extinguishment of debt	2,000,000	10,000,000	9,000,000	10,000,000
Restructuring and other related charges	17,000,000	22,000,000	89,000,000	66,000,000
Transaction-related costs, net	0	0	3,000,000	6,000,000
Total expenses	1,481,000,000	2,425,000,000	4,868,000,000	6,737,000,000
Income (loss) before income taxes	53,000,000	328,000,000	(821,000,000)	273,000,000
Provision for (benefit from) income taxes	8,000,000	139,000,000	(227,000,000)	113,000,000
Net income (loss)	45,000,000	189,000,000	(594,000,000)	160,000,000
Comprehensive income (loss)	$ 74,000,000	$ 155,000,000	$ (631,000,000)	$ 119,000,000
Earnings (loss) per share
Basic	$ 0.64	$ 2.52	$ (8.40)	$ 2.12
Diluted	$ 0.63	$ 2.50	$ (8.40)	$ 2.10

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,564	$ 686
Receivables, net	601	911
Other current assets	470	548
Total current assets	2,635	2,145
Property and equipment, net	692	792
Operating lease right-of-use assets	2,642	2,596
Deferred income taxes	1,443	1,662
Goodwill	1,112	1,101
Other intangibles, net	780	798
Other non-current assets	249	217
Total assets exclusive of assets under vehicle programs	9,553	9,311
Assets under vehicle programs:
Program cash	94	211
Vehicles, net	8,780	12,177
Receivables from vehicle manufacturers and other	499	778
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	670	649
Total assets under vehicle programs:	10,043	13,815
Total assets	19,596	23,126
Current liabilities:
Accounts payable and other current liabilities	2,147	2,206
Short-term debt and current portion of long-term debt	19	19
Total current liabilities	2,166	2,225
Long-term debt	4,145	3,416
Long-term operating lease liabilities	2,166	2,140
Other non-current liabilities	764	757
Total liabilities exclusive of liabilities under vehicle programs	9,241	8,538
Liabilities under vehicle programs:
Debt	2,234	3,132
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party		7,936
Deferred income taxes	1,685	2,189
Other	407	675
Total Liabilities under vehicle programs	10,431	13,932
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding, respectively	0	0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, respectively	1	1
Additional paid-in capital	6,672	6,741
Accumulated deficit	(1,380)	(785)
Accumulated other comprehensive loss	(194)	(157)
Treasury stock, at cost—67 and 63 shares, respectively	(5,175)	(5,144)
Total stockholders’ equity	(76)	656
Total liabilities and stockholders’ equity	$ 19,596	$ 23,126
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10	10
Common stock, shares issued	137	137
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	250	250
Treasury stock, shares	67	63
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONSOLIDATED CONDENSED BALANC_2

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10	10
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	250
Common stock, shares issued	137	137
Treasury stock, shares	67	63

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating activities
Net income (loss)	$ (594,000,000)	$ 160,000,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Vehicle depreciation	1,063,000,000	1,457,000,000
Amortization of right-of-use assets	710,000,000	752,000,000
(Gain) loss on sale of vehicles, net	(123,000,000)	(69,000,000)
Non-vehicle related depreciation and amortization	214,000,000	195,000,000
Stock-based compensation	6,000,000	18,000,000
Amortization of debt financing fees	24,000,000	23,000,000
Early extinguishment of debt	9,000,000	10,000,000
Net change in assets and liabilities:
Receivables	156,000,000	(65,000,000)
Income taxes and deferred income taxes	(239,000,000)	40,000,000
Accounts payable and other current liabilities	(59,000,000)	41,000,000
Operating lease liabilities	(707,000,000)	(746,000,000)
Other, net	172,000,000	115,000,000
Net cash provided by operating activities	632,000,000	1,931,000,000
Investing activities
Property and equipment additions	(75,000,000)	(178,000,000)
Proceeds received on asset sales	5,000,000	7,000,000
Net assets acquired (net of cash acquired)	63,000,000	68,000,000
Other, net	0	80,000,000
Net cash used in investing activities exclusive of vehicle programs	(133,000,000)	(159,000,000)
Vehicle programs:
Investment in vehicles	(4,749,000,000)	(10,621,000,000)
Proceeds received on disposition of vehicles	7,386,000,000	7,826,000,000
Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party	(243,000,000)	(221,000,000)
Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party	222,000,000	137,000,000
Net cash used in investing activities of vehicle programs	(2,616,000,000)	2,879,000,000
Net cash provided by (used in) investing activities	2,483,000,000	(3,038,000,000)
Financing activities
Proceeds from long-term borrowings	991,000,000	402,000,000
Payments on long-term borrowings	(303,000,000)	(427,000,000)
Proceeds from Issuance of Common Stock	15,000,000	0
Repurchases of common stock	(119,000,000)	(65,000,000)
Debt financing fees	(24,000,000)	(6,000,000)
Net cash provided by (used in) financing activities exclusive of vehicle programs	560,000,000	(96,000,000)
Vehicle programs:
Proceeds from borrowings	12,349,000,000	16,042,000,000
Payments on borrowings	(15,280,000,000)	(14,838,000,000)
Debt financing fees	(12,000,000)	(18,000,000)
Net cash provided by financing activities of vehicle programs	(2,943,000,000)	1,186,000,000
Net cash provided by (used in) financing activities	(2,383,000,000)	1,090,000,000
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash	28,000,000	(10,000,000)
Net increase (decrease) in cash and cash equivalents, program and restricted cash	760,000,000	(27,000,000)
Cash and cash equivalents, program and restricted cash, beginning of period	900,000,000	735,000,000
Cash and cash equivalents, program and restricted cash, end of period	$ 1,660,000,000	$ 708,000,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%

CONSOLIDATED CONDENSED STATEM_3

CONSOLIDATED CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY Statement - USD ($) shares in Millions	Total	Operating Expense [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]
Stockholders Equity [Line Items]
Shares, Issued			(137.1)				(61.5)
Total stockholders’ equity	$ 414,000,000		$ 1,000,000	$ 6,771,000,000	$ (1,091,000,000)	$ (133,000,000)	$ (5,134,000,000)
Net income (loss)	160,000,000
Other Comprehensive Income (Loss), Net of Tax	(41,000,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	16,000,000			(30,000,000)			$ 46,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period							0.4
Stock Issued During Period, Value, Stock Options Exercised				(5,000,000)			$ (5,000,000)
Treasury Stock, Shares, Acquired							(2.1)
Treasury Stock, Value, Acquired, Cost Method	(59,000,000)						$ 59,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period							0.1
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	119,000,000
Option Premiums Paid				(16,000,000)
Stock Issued During Period, Value, Employee Stock Purchase Plan				(1,000,000)			$ 1,000,000
Derivatives not designated as hedging instruments	36,000,000	$ 1,000,000
Cumulative Effect of Accounting	5,000,000				4,000,000	1,000,000
Shares, Issued			(137.1)				(61.1)
Total stockholders’ equity	376,000,000		$ 1,000,000	6,723,000,000	(1,116,000,000)	(139,000,000)	$ (5,093,000,000)
Net income (loss)	189,000,000
Other Comprehensive Income (Loss), Net of Tax	(34,000,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	7,000,000			(3,000,000)			$ 10,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period							0.1
Treasury Stock, Shares, Acquired							(2.1)
Treasury Stock, Value, Acquired, Cost Method	(59,000,000)						$ 59,000,000
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	155,000,000
Option Premiums Paid	16,000,000			16,000,000
Stock Issued During Period, Value, Employee Stock Purchase Plan				(1,000,000)			$ 1,000,000
Derivatives not designated as hedging instruments	37,000,000	1,000,000
Shares, Issued			(137.1)				(63.1)
Total stockholders’ equity	495,000,000		$ 1,000,000	6,735,000,000	(927,000,000)	(173,000,000)	$ (5,141,000,000)
Shares, Issued			(137.1)				63.2
Total stockholders’ equity	656,000,000		$ 1,000,000	6,741,000,000	(785,000,000)	(157,000,000)	$ (5,144,000,000)
Net income (loss)	(594,000,000)
Other Comprehensive Income (Loss), Net of Tax	(37,000,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	0			(82,000,000)			$ 82,000,000
Stock Issued During Period, Value, Treasury Stock Reissued	15,000,000			15,000,000
Stock Issued During Period, Shares, Treasury Stock Reissued							0.4
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period							0.4
Treasury Stock, Shares, Acquired							(5)
Treasury Stock, Value, Acquired, Cost Method	(113,000,000)						$ 113,000,000
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	(631,000,000)
Derivatives not designated as hedging instruments	(61,000,000)	4,000,000
Noncontrolling Interest, Increase from Sale of Parent Equity Interest	(2,000,000)			(2,000,000)
Cumulative Effect of Accounting	(1,000,000)				(1,000,000)
Shares, Issued			(137.1)				(67.4)
Total stockholders’ equity	(153,000,000)		$ 1,000,000	6,670,000,000	(1,425,000,000)	(223,000,000)	$ (5,176,000,000)
Net income (loss)	45,000,000
Other Comprehensive Income (Loss), Net of Tax	29,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	3,000,000			2,000,000			$ 1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period							0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	74,000,000
Derivatives not designated as hedging instruments	(51,000,000)	$ (2,000,000)
Shares, Issued			(137.1)				(67.4)
Total stockholders’ equity	$ (76,000,000)		$ 1,000,000	$ 6,672,000,000	$ (1,380,000,000)	$ (194,000,000)	$ (5,175,000,000)

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2020
Acquisitions [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions    Avis and Budget LicenseesDuring the nine months ended September 30, 2020, the Company completed the acquisitions of various licensees in North America and Europe, for approximately $28 million, plus $21 million for acquired fleet. These investments were in-line with the Company’s strategy to re-acquire licensees when advantageous to expand its footprint of Company-operated locations. The acquired fleet was financed under the Company’s existing financing arrangements. In connection with these acquisitions, approximately $26 million was recorded in other intangibles related to license agreements. The license agreements are being amortized over a weighted average useful life of approximately two years. The fair value of the assets acquired and liabilities assumed has not yet been finalized and is therefore subject to change.

Other Current Assets

Other Current Assets	9 Months Ended
	Sep. 30, 2020
Other Current Assets Disclosure [Abstract]
Other Current Assets [Text Block]	Other Current Assets Other current assets consisted of: As of As of December 31, 2019 Prepaid expenses $ 177 $ 234 Sales and use taxes 147 173 Other 146 141 Other current assets $ 470 $ 548

Vehicle Rental Activities

Vehicle Rental Activities	9 Months Ended
	Sep. 30, 2020
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 September 30, December 31, 2020 2019 Rental vehicles $ 9,826 $ 13,461 Less: Accumulated depreciation (1,331) (1,621) 8,495 11,840 Vehicles held for sale 285 337 Vehicles, net $ 8,780 $ 12,177 The components of vehicle depreciation and lease charges, net are summarized below: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Depreciation expense $ 315 $ 516 $ 1,063 $ 1,457 Lease charges 50 72 149 191 (Gain) loss on sale of vehicles, net (109) (37) (123) (69) Vehicle depreciation and lease charges, net $ 256 $ 551 $ 1,089 $ 1,579 At September 30, 2020 and 2019, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $213 million and $297 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $357 million and $693 million, respectively.

Accounts Payable and Other Curr

Accounts Payable and Other Current Liabilities	9 Months Ended
	Sep. 30, 2020
Accounts Payable and Other Current Liabilities [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	Accounts Payable and Other Current Liabilities Accounts payable and other current liabilities consisted of: As of As of September 30, December 31, 2020 2019 Short-term operating lease liabilities $ 501 $ 479 Accounts payable 404 378 Accrued sales and use taxes 249 223 Public liability and property damage insurance liabilities – current 179 178 Accrued advertising and marketing 145 191 Accrued payroll and related 131 195 Other 538 562 Accounts payable and other current liabilities $ 2,147 $ 2,206

Debt Under Vehicle Programs and

Debt Under Vehicle Programs and Borrowing Arrangements	9 Months Ended
	Sep. 30, 2020
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 September 30, December 31, 2020 2019 Americas - Debt due to Avis Budget Rental Car Funding $ 6,144 $ 7,975 Americas - Debt borrowings 634 827 International - Debt borrowings 1,449 2,100 International - Finance leases 157 215 Deferred financing fees (a) (45) (49) Total $ 8,339 $ 11,068 __________ (a) Deferred financing fees related to Debt due to Avis Budget Rental Car Funding as of September 30, 2020 and December 31, 2019 were $39 million and $40 million, respectively In January 2020, the Company’s Avis Budget Rental Car Funding subsidiary issued approximately $700 million in asset-backed notes with an expected final payment date of August 2025, incurring interest at a weighted average rate of 2.42%. In August 2020, the Company’s Avis Budget Rental Car Funding subsidiary issued approximately $650 million in asset-backed notes with an expected final payment date of February 2026, incurring interest at a weighted average rate of 2.28%. 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 September 30, 2020. Debt under Vehicle Programs (a) Within 1 year (b) $ 2,588 Between 1 and 2 years (c) 2,038 Between 2 and 3 years 1,186 Between 3 and 4 years 1,430 Between 4 and 5 years 1,049 Thereafter 93 Total $ 8,384 __________ (a) Vehicle-backed debt primarily represents asset-backed securities. (b) Includes $1.5 billion of bank and bank-sponsored facilities. (c) Includes $0.5 billion of bank and bank-sponsored facilities. Committed Credit Facilities and Available Funding Arrangements As of September 30, 2020, 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 (b) Available Americas - Debt due to Avis Budget Rental Car Funding $ 8,894 $ 6,144 $ 2,750 Americas - Debt borrowings 719 634 85 International - Debt borrowings 2,859 1,449 1,410 International - Finance leases 219 157 62 Total $ 12,691 $ 8,384 $ 4,307 __________ (a) Capacity is subject to maintaining sufficient assets to collateralize debt. (b) The outstanding debt is collateralized by vehicles and related assets of $6.9 billion for Americas - Debt due to Avis Budget Rental Car Funding; $0.9 billion for Americas - Debt borrowings; $1.7 billion for International - Debt borrowings; and $0.2 billion for International - Finance leases. 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 September 30, 2020, 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	9 Months Ended
	Sep. 30, 2020
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 2017, following a state court trial in Georgia, a jury found the Company liable for damages in a case brought by a plaintiff who was injured in a vehicle accident allegedly caused by an employee of an independent contractor of the Company who was acting outside of the scope of employment. In fourth quarter 2019, the Company appealed both verdicts resulting in a reversal of the opinions rendered. The plaintiffs filed a petition to have the Georgia Supreme Court review the state appellate court’s reversal of the opinion, which petition has been granted. The Company has recognized a liability related to these cases, net of recoverable insurance proceeds, of approximately $12 million. The Company is currently involved, and in the future may be involved, in claims, legal proceedings and governmental inquiries that are incidental to its vehicle rental and car sharing operations, including, among others, contract and licensee disputes, competition matters, employment and wage-and-hour claims, insurance and liability 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. The Company estimates that the potential exposure resulting from adverse outcomes of current legal proceedings in which it is reasonably possible that a loss may be incurred could, in the aggregate, be up to approximately $40 million in excess of amounts accrued as of September 30, 2020. 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 $3.4 billion of vehicles from manufacturers over the next 12 months, a $4.3 billion decrease compared to December 31, 2019, financed primarily through the issuance of vehicle-backed debt and cash received upon the disposition of vehicles. Certain of these commitments are subject to the vehicle manufacturers satisfying their obligations under their respective repurchase and guaranteed depreciation agreements. Concentrations Concentrations of credit risk at September 30, 2020 include (i) risks related to the Company’s repurchase and guaranteed depreciation agreements with domestic and foreign car manufacturers, 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 $25 million and $15 million, respectively, related to certain contingent, income tax and other corporate liabilities assumed by Realogy and Wyndham in connection with their disposition.

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2020
Basis of Presentation [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation Avis Budget Group, Inc. provides mobility solutions 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 —consisting primarily of (i) vehicle rental operations in North America, South America, Central America and the Caribbean, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which the Company does not operate directly. • International —consisting primarily of (i) vehicle rental operations in Europe, the Middle East, Africa, Asia and Australasia, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which the Company does not operate directly. The operating results of acquired businesses are included in the accompanying Consolidated Condensed Financial Statements from the dates of acquisition. The fair value of the assets acquired and liabilities assumed in connection with the Company’s 2019 acquisitions of various licensees has not yet been finalized; however, there have been no significant changes to the preliminary allocation of the purchase price during the nine months ended September 30, 2020. 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 2019 Form 10-K.
Vehicle Program Policy [Policy Text Block]	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.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Currency Transactions. The Company records the gain or loss on foreign-currency transactions on certain intercompany loans and the gain or loss on intercompany loan hedges within interest expense related to corporate debt, net. During the three months ended September 30, 2020 and 2019, the Company recorded an immaterial amount, in each period, related to such items. During the nine months ended September 30, 2020 and 2019, the Company recorded a loss of $5 million and a gain of $3 million, respectively, related to such items.
New Accounting Pronouncements, Policy [Policy Text Block]	Adoption of New Accounting Pronouncements Intangibles—Goodwill and Other—Internal-Use Software On January 1, 2020, as the result of a new accounting pronouncement, the Company adopted Accounting Standard Update (“ASU”) 2018-15 “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement That Is a Service Contract,” which provides guidance for determining when the arrangement includes a software license. The amendments align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The amendments in this Update also require the entity to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement, to present the expense in the same line in its statement of income as the fees associated with the hosting element (service) of the arrangement and classify payments for capitalized implementation costs in its statement of cash flows in the same manner as payments made for fees associated with the hosting element. The entity is also required to present the capitalized implementation costs in its balance sheet in the same line that a prepayment for the fees of the associated hosting arrangement would be presented. The adoption of this accounting pronouncement did not have a material impact on the Company's Consolidated Condensed Financial Statements. Fair Value Measurement On January 1, 2020, as the result of a new accounting pronouncement, the Company adopted ASU 2018-13, “Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement,” which adds, removes, and modifies disclosure requirements related to fair value measurements. The adoption of this accounting pronouncement did not have a material impact on the Company's Consolidated Condensed Financial Statements. Measurement of Credit Losses on Financial Instruments On January 1, 2020, as the result of a new accounting pronouncement, the Company adopted ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” and related updates which sets forth a current expected credit loss impairment model for financial assets that replaces the current incurred loss model. This model requires a financial asset (or group of financial assets), including trade receivables, measured at amortized cost to be presented at the net amount expected to be collected with an allowance for credit losses deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The adoption of this accounting pronouncement did not have a material impact on the Company's Consolidated Condensed Financial Statements. Financial Disclosures About Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize a Registrant’s Securities During first quarter 2020, the Company early adopted the Securities Exchange Commission’s, “Financial Disclosures About Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize a Registrant’s Securities” rules, which simplify the disclosure requirements related to the Company’s registered securities under Rule 3-10 of Regulation S-X. The final rule also allows for the simplified disclosure to be included within Management’s Discussion and Analysis of Financial Condition and Results of Operations. During third quarter 2020, the Company redeemed its remaining $100 million of publicly registered debt securities (see Note 11—Long-term corporate debt and borrowing arrangements for details). The Company’s remaining outstanding debt securities were issued in private placements exempt from the registration requirements of the federal securities laws, and therefore, such disclosure is not required. Recently Issued Accounting Pronouncements Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, “Simplifying the Accounting for Income Taxes,” which simplifies the accounting for income taxes by removing certain exceptions and improving the application of existing guidance. ASU 2019-12 becomes effective for the Company on January 1, 2021. Early adoption is permitted. The Company is currently evaluating the impact of this accounting pronouncement on its Consolidated Condensed Financial Statements but does not expect it to have a material impact. Compensation—Retirement Benefits—Defined Benefit Plans In August 2018, the FASB issued ASU 2018-14, “Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans,” which adds, removes, and clarifies disclosure requirements related to defined benefit pension and other postretirement plans. These changes are part of the FASB’s

Leases (Policies)

Leases (Policies)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Lessee, Leases [Policy Text Block]	Lessee The Company has operating and finance leases for rental locations, corporate offices, vehicle rental fleet and equipment. Many of the Company’s operating leases for rental locations contain concession agreements with various airport authorities that allow the Company to conduct its vehicle rental operations on site. In general, concession fees for airport locations are based on a percentage of total commissionable revenue as defined by each airport authority, some of which are subject to minimum annual guaranteed amounts. Concession fees other than minimum annual guaranteed amounts are not included in the measurement of operating lease Right of Use (“ROU”) assets and operating lease liabilities, and are recorded as variable lease expense as incurred. The Company’s operating leases for rental locations often also require the Company to pay or reimburse operating expenses.

Basis of Presentation Basis o_2

Basis of Presentation Basis of Presentation (Tables)	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Basis of Presentation [Abstract]
Reconciliation of cash and cash equivalents (2016-18) [Table Text Block]		Cash and cash equivalents, Program cash and Restricted cash. The following table provides a detail of cash and cash equivalents, program and restricted cash reported within the Consolidated Condensed Balance Sheets to the amounts shown in the Consolidated Condensed Statements of Cash Flows. As of September 30, 2020 2019 Cash and cash equivalents $ 1,564 $ 615 Program cash 94 89 Restricted cash (a) 2 4 Total cash and cash equivalents, program and restricted cash $ 1,660 $ 708 ________ (a) Included within other current assets.
Disaggregation of Revenue [Table Text Block]		The following table presents the Company’s revenues disaggregated by geography. Three Months Ended Nine Months Ended 2020 2019 2020 2019 Americas $ 1,114 $ 1,868 $ 2,936 $ 4,822 Europe, Middle East and Africa 363 742 879 1,747 Asia and Australasia 57 143 232 441 Total revenues $ 1,534 $ 2,753 $ 4,047 $ 7,010
Disaggregation of Revenue by Brand [Table Text Block]		The following table presents the Company’s revenues disaggregated by brand. Three Months Ended Nine Months Ended 2020 2019 2020 2019 Avis $ 843 $ 1,580 $ 2,230 $ 4,008 Budget 539 950 1,425 2,417 Other 152 223 392 585 Total revenues $ 1,534 $ 2,753 $ 4,047 $ 7,010 ________
Deferred Revenue Rollforward [Table Text Block]	Other includes Zipcar and other operating brands.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Lease Revenues Disaggregated by Geography [Table Text Block]	Leases The following table presents the Company’s lease revenues disaggregated by geography. Three Months Ended Nine Months Ended 2020 2019 2020 2019 Americas $ 1,099 $ 1,856 $ 2,896 $ 4,792 Europe, Middle East and Africa 350 717 843 1,684 Asia and Australasia 55 140 224 431 Total lease revenues $ 1,504 $ 2,713 $ 3,963 $ 6,907
Lease Revenues Disaggregated by Brand [Table Text Block]	The following table presents the Company’s lease revenues disaggregated by brand. Three Months Ended Nine Months Ended 2020 2019 2020 2019 Avis $ 824 $ 1,559 $ 2,181 $ 3,953 Budget 532 935 1,401 2,379 Other 148 219 381 575 Total lease revenues $ 1,504 $ 2,713 $ 3,963 $ 6,907 _______ Other includes Zipcar and other operating brands.
Supplemental Balance Sheet Information related to Leases [Table Text Block]	Supplemental balance sheet information related to leases is as follows: As of As of Property leases Operating lease ROU assets $ 2,642 $ 2,596 Short-term operating lease liabilities (a) $ 501 $ 479 Long-term operating lease liabilities 2,166 2,140 Operating lease liabilities $ 2,667 $ 2,619 Weighted average remaining lease term 8.7 years 8.9 years Weighted average discount rate 4.01 % 4.31 % _________ (a) Included in Accounts payable and other current liabilities.
Supplemental Cash Flow Information related to Leases [Table Text Block]	Supplemental cash flow information related to leases is as follows: Nine Months Ended 2020 2019 Cash payments for lease liabilities within operating activities: Property operating leases $ 554 $ 564 Non-cash activities - increase (decrease) in ROU assets in exchange for lease liabilities: Property operating leases (a) 588 149 _________ (a) For the nine months ended September 2019, ROU assets obtained in exchange for lease liabilities from initial recognition .

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Summary Of Changes To Restructuring-Related Liabilities	The following tables summarize the changes to our restructuring-related liabilities and identifies the amounts recorded within the Company’s reporting segments for restructuring charges and corresponding payments and utilizations: Americas International Total Balance as of January 1, 2020 $ 2 $ 4 $ 6 Restructuring expense: 2020 Optimization Plan 26 33 59 Brazil 2 — 2 T19 4 — 4 Restructuring payment/utilization: 2020 Optimization Plan (24) (26) (50) Brazil (2) — (2) T19 (6) (3) (9) Balance as of September 30, 2020 $ 2 $ 8 $ 10 Personnel Facility Other (a) Total Balance as of January 1, 2020 $ 3 $ 1 $ 2 $ 6 Restructuring expense: 2020 Optimization Plan 56 1 2 59 Brazil 1 1 — 2 T19 — — 4 4 Restructuring payment/utilization: 2020 Optimization Plan (49) — (1) (50) Brazil (1) (1) — (2) T19 (4) — (5) (9) Balance as of September 30, 2020 $ 6 $ 2 $ 2 $ 10 __________ (a) Includes expenses primarily related to the disposition of vehicles.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Computation Of Basic And Diluted Earnings Per Share	0.2 million	0.4 million

Other Current Assets (Tables)

Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Other Current Assets Disclosure [Abstract]
Schedule of Other Current Assets [Table Text Block]	Other current assets consisted of: As of As of December 31, 2019 Prepaid expenses $ 177 $ 234 Sales and use taxes 147 173 Other 146 141 Other current assets $ 470 $ 548

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Intangible Assets	Intangible Assets Intangible assets consisted of: As of September 30, 2020 As of December 31, 2019 Gross Accumulated Net Gross Accumulated Net Amortized Intangible Assets License agreements $ 271 $ 136 $ 135 $ 241 $ 108 $ 133 Customer relationships 261 186 75 255 165 90 Other 52 30 22 50 25 25 Total $ 584 $ 352 $ 232 $ 546 $ 298 $ 248 Unamortized Intangible Assets Goodwill $ 1,112 $ 1,101 Trademarks $ 548 $ 550

Vehicle Rental Activities (Tabl

Vehicle Rental Activities (Tables)	9 Months Ended
	Sep. 30, 2020
Vehicle Rental Activities [Abstract]
Components Of The Company's Vehicles	Vehicle Rental Activities The components of vehicles, net within assets under vehicle programs were as follows: As of As of September 30, December 31, 2020 2019 Rental vehicles $ 9,826 $ 13,461 Less: Accumulated depreciation (1,331) (1,621) 8,495 11,840 Vehicles held for sale 285 337 Vehicles, net $ 8,780 $ 12,177
Components Of Vehicle Depreciation And Lease Charges	The components of vehicle depreciation and lease charges, net are summarized below: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Depreciation expense $ 315 $ 516 $ 1,063 $ 1,457 Lease charges 50 72 149 191 (Gain) loss on sale of vehicles, net (109) (37) (123) (69) Vehicle depreciation and lease charges, net $ 256 $ 551 $ 1,089 $ 1,579

Accounts Payable and Other Cu_2

Accounts Payable and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Accounts Payable and Other Current Liabilities [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	Accounts payable and other current liabilities consisted of: As of As of September 30, December 31, 2020 2019 Short-term operating lease liabilities $ 501 $ 479 Accounts payable 404 378 Accrued sales and use taxes 249 223 Public liability and property damage insurance liabilities – current 179 178 Accrued advertising and marketing 145 191 Accrued payroll and related 131 195 Other 538 562 Accounts payable and other current liabilities $ 2,147 $ 2,206

Long-term Debt and Borrowing Ar

Long-term Debt and Borrowing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule Of Committed Credit Facilities	Committed Credit Facilities and Available Funding Arrangements At September 30, 2020, the committed corporate credit facilities available to the Company and/or its subsidiaries were as follows: Total Outstanding Letters of Credit Issued Available Senior revolving credit facility maturing 2023 (a) $ 1,800 $ — $ 982 $ 818 __________ (a) The senior revolving credit facility bears interest at one-month LIBOR plus 250 basis points and is part of the Company’s senior credit facilities, which include the floating rate term loan and the senior revolving credit facility, and which are secured by pledges of capital stock of certain subsidiaries of the Company, liens on substantially all of the Company’s intellectual property and certain other real and personal property.

Debt Under Vehicle Programs a_2

Debt Under Vehicle Programs and Borrowing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2020
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 September 30, December 31, 2020 2019 Americas - Debt due to Avis Budget Rental Car Funding $ 6,144 $ 7,975 Americas - Debt borrowings 634 827 International - Debt borrowings 1,449 2,100 International - Finance leases 157 215 Deferred financing fees (a) (45) (49) Total $ 8,339 $ 11,068 __________ (a) Deferred financing fees related to Debt due to Avis Budget Rental Car Funding as of September 30, 2020 and December 31, 2019 were $39 million and $40 million, respectively
Schedule Of Contractual Maturities	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 September 30, 2020. Debt under Vehicle Programs (a) Within 1 year (b) $ 2,588 Between 1 and 2 years (c) 2,038 Between 2 and 3 years 1,186 Between 3 and 4 years 1,430 Between 4 and 5 years 1,049 Thereafter 93 Total $ 8,384 __________ (a) Vehicle-backed debt primarily represents asset-backed securities. (b) Includes $1.5 billion of bank and bank-sponsored facilities. (c) Includes $0.5 billion of bank and bank-sponsored facilities.
Schedule Of Available Funding Under The Vehicle Programs	Committed Credit Facilities and Available Funding Arrangements As of September 30, 2020, 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 (b) Available Americas - Debt due to Avis Budget Rental Car Funding $ 8,894 $ 6,144 $ 2,750 Americas - Debt borrowings 719 634 85 International - Debt borrowings 2,859 1,449 1,410 International - Finance leases 219 157 62 Total $ 12,691 $ 8,384 $ 4,307 __________ (a) Capacity is subject to maintaining sufficient assets to collateralize debt.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Components Of Other Comprehensive Income	The components of other comprehensive income (loss) were as follows: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Net income (loss) $ 45 $ 189 $ (594) $ 160 Other comprehensive income (loss): Currency translation adjustments (net of tax of $12, $(12), $12, and $(14), respectively) 35 (31) (9) (21) Net unrealized gain (loss) on cash flow hedges (net of tax of $3, $2, $12, and $9, respectively) (7) (4) (33) (25) Minimum pension liability adjustment (net of tax of $(1), $(1), $(1), and $(1), respectively) 1 1 5 5 29 (34) (37) (41) Comprehensive income (loss) $ 74 $ 155 $ (631) $ 119 __________ Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock Based Compensation Activity	The activity related to RSUs consisted of (in thousands of shares): Number of Shares Weighted Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in millions) Time-based RSUs Outstanding at January 1, 2020 847 $ 36.99 Granted (a) 798 23.14 Vested (b) (420) 37.82 Forfeited (81) 32.90 Outstanding and expected to vest at September 30, 2020 (c) 1,144 $ 27.31 1.2 $ 30 Performance-based and market-based RSUs Outstanding at January 1, 2020 1,061 $ 38.89 Granted (a) 553 21.06 Vested (b) (73) 36.64 Forfeited (424) 35.15 Outstanding at September 30, 2020 1,117 $ 31.64 1.7 $ 29 Outstanding and expected to vest at September 30, 2020 (c) 38 $ 20.70 2.7 $ 1 __________ (a) Reflects the maximum number of stock units assuming achievement of all performance-, market- and time-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 nine months ended September 30, 2019 was $34.17 and $34.56, respectively. (b) The total fair value of RSUs vested during September 30, 2020 and 2019 was $19 million and $18 million, respectively. (c) Aggregate unrecognized compensation expense related to time-based RSUs and performance-based and market-based RSUs amounted to $23 million and will be recognized over a weighted average vesting period of 1.3 years.

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Investments, All Other Investments [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The Company held derivative instruments with absolute notional values as follows: As of September 30, 2020 Foreign exchange contracts $ 1,309 Interest rate caps (a) 8,552 Interest rate swaps 1,950 Commodity contracts (millions of gallons of unleaded gasoline) 5 __________ (a) Represents $5.8 billion of interest rate caps sold, partially offset by approximately $2.8 billion of interest rate caps purchased. These amounts exclude $3.0 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	Estimated fair values (Level 2) of derivative instruments were as follows: As of September 30, 2020 As of December 31, 2019 Fair Value, Fair Value, Fair Value, Fair Value, Derivatives designated as hedging instruments Interest rate swaps (a) $ — $ 72 $ — $ 27 Derivatives not designated as hedging instruments Foreign exchange contracts (b) 2 4 5 10 Interest rate caps (c) — — — 1 Commodity contracts (b) — 1 — — Total $ 2 $ 77 $ 5 $ 38 __________ Amounts in this table exclude derivatives issued by Avis Budget Rental Car Funding, as it is not consolidated by the Company; however, certain amounts related to the derivatives held by Avis Budget Rental Car Funding are included within accumulated other comprehensive income (loss), as discussed in Note 14–Stockholders’ Equity. (a) Included in other non-current assets or other non-current liabilities. (b) Included in other current assets or other current liabilities. (c) Included in assets under vehicle programs or liabilities under vehicle programs.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The carrying amounts and estimated fair values (Level 2) of debt instruments were as follows: As of September 30, 2020 As of December 31, 2019 Carrying Estimated Carrying Estimated Corporate debt Short-term debt and current portion of long-term debt $ 19 $ 17 $ 19 $ 19 Long-term debt 4,145 3,920 3,416 3,572 Debt under vehicle programs Vehicle-backed debt due to Avis Budget Rental Car Funding $ 6,105 $ 6,312 $ 7,936 $ 8,077 Vehicle-backed debt 2,231 2,240 3,129 3,142 Interest rate swaps and interest rate caps (a) 3 3 3 3 __________ (a) Derivatives in a liability position.

Basis of Presentation Basis o_3

Basis of Presentation Basis of Presentation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Basis of Presentation [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 1,564,000,000	$ 615,000,000	$ 1,564,000,000	$ 615,000,000	$ 686,000,000
Program cash	94,000,000	89,000,000	94,000,000	89,000,000	211,000,000
Restricted Cash and Cash Equivalents	2,000,000	4,000,000	2,000,000	4,000,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	1,660,000,000	708,000,000	1,660,000,000	708,000,000	900,000,000	$ 735,000,000
Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges			5,000,000	3,000,000
Proceeds from Sale of Equity Method Investments				64,000,000
Gain (Loss) on Sale of Equity Investments				44,000,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	59,000,000		59,000,000		56,000,000
Equity Securities without Readily Determinable Fair Value, Amount					8,000,000
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Cumulative Amount	12,000,000		12,000,000
Other related Revenue	30,000,000	40,000,000	84,000,000	103,000,000
Adjustments related to New Accounting Pronouncements [Line Items]
Long-term Debt, Gross	1,200,000,000		1,200,000,000
Revenues	1,534,000,000	2,753,000,000	4,047,000,000	7,010,000,000
Operating Lease, Right-of-Use Asset	2,642,000,000		2,642,000,000		2,596,000,000
Line of Credit Facility, Current Borrowing Capacity	1,800,000,000		1,800,000,000
Cash and cash equivalents	1,564,000,000	615,000,000	1,564,000,000	615,000,000	686,000,000
Cash and Cash Equivalents [Abstract]
Adjusted EBITDA	220,000,000	471,000,000	(249,000,000)	645,000,000
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	3,000,000	5,000,000	4,000,000	9,000,000
Derivatives not designated as hedging instruments	(51,000,000)	37,000,000	(61,000,000)	36,000,000
Property leases [Member]
Adjustments related to New Accounting Pronouncements [Line Items]
Operating Lease, Right-of-Use Asset	2,642,000,000		2,642,000,000		$ 2,596,000,000
Americas [Member]
Adjustments related to New Accounting Pronouncements [Line Items]
Revenues	1,114,000,000	1,868,000,000	2,936,000,000	4,822,000,000
EMEA [Member]
Adjustments related to New Accounting Pronouncements [Line Items]
Revenues	363,000,000	742,000,000	879,000,000	1,747,000,000
Asia and Australasia [Member]
Adjustments related to New Accounting Pronouncements [Line Items]
Revenues	$ 57,000,000	$ 143,000,000	$ 232,000,000	$ 441,000,000

Basis of Presentation Disaggreg

Basis of Presentation Disaggregated Revenue in Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Other related Revenue	$ 30	$ 40	$ 84	$ 103
Revenues	1,534	2,753	4,047	7,010
Corporate Interest Expense [Member]
Disaggregation of Revenue [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	3	0	4	2
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,114	1,868	2,936	4,822
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenues	363	742	879	1,747
Asia and Australasia [Member]
Disaggregation of Revenue [Line Items]
Revenues	57	143	232	441
Avis [Member]
Disaggregation of Revenue [Line Items]
Revenues	843	1,580	2,230	4,008
Budget [Member]
Disaggregation of Revenue [Line Items]
Revenues	539	950	1,425	2,417
Other Brands [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 152	$ 223	$ 392	$ 585

Leases Lessor (Details)

Leases Lessor (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Lessor, Lease, Description [Line Items]
Operating Lease, Lease Income	$ 1,504	$ 2,713	$ 3,963	$ 6,907
Americas [Member]
Lessor, Lease, Description [Line Items]
Operating Lease, Lease Income	1,099	1,856	2,896	4,792
EMEA [Member]
Lessor, Lease, Description [Line Items]
Operating Lease, Lease Income	350	717	843	1,684
Asia and Australasia [Member]
Lessor, Lease, Description [Line Items]
Operating Lease, Lease Income	55	140	224	431
Avis [Member]
Lessor, Lease, Description [Line Items]
Operating Lease, Lease Income	824	1,559	2,181	3,953
Budget [Member]
Lessor, Lease, Description [Line Items]
Operating Lease, Lease Income	532	935	1,401	2,379
Other Brands [Member]
Lessor, Lease, Description [Line Items]
Operating Lease, Lease Income	$ 148	$ 219	$ 381	$ 575

Leases Lessee (Details)

Leases Lessee (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Lease charges	$ 50	$ 72	$ 149	$ 191
Operating lease right-of-use assets	2,642		2,642		$ 2,596
Operating Lease, Liability, Current	501		501		479
Long-term operating lease liabilities	2,166		2,166		2,140
Operating Leases, Rent Expense, Minimum Rentals	11		41
Property leases [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	130	184	443	540
Variable Lease, Cost	51	93	107	219
Lease, Cost	181	$ 277	550	759
Operating lease right-of-use assets	2,642		2,642		2,596
Long-term operating lease liabilities	2,166		2,166		2,140
Operating Lease, Liability	$ 2,667		$ 2,667		$ 2,619
Operating Lease, Weighted Average Remaining Lease Term	8 years 8 months 12 days		8 years 8 months 12 days		8 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	4.01%		4.01%		4.31%
Operating Lease, Payments			$ 554	564
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			$ (588)	$ (149)

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)Employee	Sep. 30, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 17	$ 22	$ 89	$ 66
Restructuring and Related Cost, Expected Cost Remaining	2	$ 12	2	$ 12
2020 Optimization [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			$ 59
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employee			3,600
Restructuring and Related Cost, Number of Positions Eliminated | Employee			3,500
Restructuring and Related Cost, Expected Cost Remaining	7		$ 7
Brazil Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			$ 2
Restructuring and Related Cost, Number of Positions Eliminated | Employee			20
Restructuring and Related Cost, Expected Cost Remaining	$ 5		$ 5

Restructuring (Summary Of Chang

Restructuring (Summary Of Changes To Restructuring-Related Liabilities) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2020			$ 6
Restructuring expense	$ (17)	$ (22)	(89)	$ (66)
Balance as of September 30, 2020	10		10
Americas
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2020			2
Balance as of September 30, 2020	2		2
International [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2020			4
Balance as of September 30, 2020	8		8
2020 Optimization [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(59)
Payment for Restructuring			(50)
2020 Optimization [Member] | Americas
Restructuring Reserve [Roll Forward]
Restructuring expense			(26)
Payment for Restructuring			(24)
2020 Optimization [Member] | International [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(33)
Payment for Restructuring			(26)
Brazil Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(2)
Payment for Restructuring			(2)
Brazil Restructuring [Member] | Americas
Restructuring Reserve [Roll Forward]
Restructuring expense			(2)
Payment for Restructuring			(2)
Brazil Restructuring [Member] | International [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			0
T19 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(4)
Payment for Restructuring			(9)
T19 Restructuring [Member] | Americas
Restructuring Reserve [Roll Forward]
Restructuring expense			(4)
Payment for Restructuring			(6)
T19 Restructuring [Member] | International [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			(3)
Personnel
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2020			3
Balance as of September 30, 2020	6		6
Personnel | 2020 Optimization [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(56)
Payment for Restructuring			(49)
Personnel | Brazil Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(1)
Payment for Restructuring			(1)
Personnel | T19 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			(4)
Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2020			1
Balance as of September 30, 2020	2		2
Facility Closing [Member] | 2020 Optimization [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(1)
Payment for Restructuring			0
Facility Closing [Member] | Brazil Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(1)
Payment for Restructuring			(1)
Facility Closing [Member] | T19 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			0
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2020			2
Balance as of September 30, 2020	$ 2		2
Other Restructuring [Member] | 2020 Optimization [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(2)
Payment for Restructuring			(1)
Other Restructuring [Member] | Brazil Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			0
Payment for Restructuring			0
Other Restructuring [Member] | T19 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense			(4)
Payment for Restructuring			$ (5)

Restructuring Other Related Cha

Restructuring Other Related Charges (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)Employee	Sep. 30, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Charges related to voluntary termination program	$ 18
Charges related to voluntary termination program, Number of Positions Eliminated | Employee	400
Restructuring and Related Cost, Expected Cost Remaining	$ 2	$ 12
Larry D. De Shon [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring Expense	1
Michael K. Tucker [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring Expense	2
Mark J. Servodidio [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring Expense	$ 3	$ 3

Earnings Per Share (Computation

Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Detail) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net income (loss)	$ 45,000,000	$ 189,000,000	$ (594,000,000)	$ 160,000,000
Basic weighted average shares outstanding	69,700	75,200	70,800	75,600
Basic	$ 0.64	$ 2.52	$ (8.40)	$ 2.12
Diluted	$ 0.63	$ 2.50	$ (8.40)	$ 2.10
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted Average Number of Shares Outstanding, Diluted	70,200	75,700	70,800	76,200
Weighted Average Number Diluted Shares Outstanding Adjustment	500	500	0	600
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			1,400	500

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Details) - $ / shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic weighted average shares outstanding	69.7	75.2	70.8	75.6
Basic	$ 0.64	$ 2.52	$ (8.40)	$ 2.12
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			1.4	0.5

Acquisitions (Details)

Acquisitions (Details) - 2020 Avis and Budget Licensees [Member] $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Other	$ 28
Business Acquisition Purchase Price Allocation Vehicles, Net	$ 21
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	2 years
Licensing Agreements
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 26

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Other Current Assets Disclosure [Abstract]
Prepaid expenses	$ 177	$ 234
Sales and use taxes	147	173
Other	146	141
Other current assets	$ 470	$ 548

Intangible Assets (Schedule Of

Intangible Assets (Schedule Of Intangible Assets) (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	$ 584	$ 546
Amortized Intangible Assets, Accumulated Amortization	352	298
Amortized Intangible Assets, Net Carrying Amount	232	248
Unamortized Intangible Assets, Goodwill, Gross Carrying Amount	1,112	1,101
License agreements
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	271	241
Amortized Intangible Assets, Accumulated Amortization	136	108
Amortized Intangible Assets, Net Carrying Amount	135	133
Customer relationships
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	261	255
Amortized Intangible Assets, Accumulated Amortization	186	165
Amortized Intangible Assets, Net Carrying Amount	75	90
Other
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	52	50
Amortized Intangible Assets, Accumulated Amortization	30	25
Amortized Intangible Assets, Net Carrying Amount	22	25
Goodwill
Finite And Indefinite Lived Intangible Assets [Line Items]
Unamortized Intangible Assets, Goodwill, Gross Carrying Amount	1,112	1,101
Trademarks
Finite And Indefinite Lived Intangible Assets [Line Items]
Unamortized Intangible Assets, Trademarks, Gross Carrying Amount	$ 548	$ 550

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization expense relating to all intangible assets	$ 17	$ 13	$ 46	$ 44
Amortization expense for remainder of the year	18		$ 18
Document Fiscal Year Focus			2020
Intangible assets amortization expense, year one	64		$ 64
Intangible assets amortization expense, year two	33		33
Intangible assets amortization expense, year three	25		25
Intangible assets amortization expense, year four	22		22
Intangible assets amortization expense, year five	$ 16		$ 16

Vehicle Rental Activities (Comp

Vehicle Rental Activities (Components Of The Company's Vehicles) (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Vehicle Rental Activities [Abstract]
Rental vehicles	$ 9,826	$ 13,461
Less: Accumulated depreciation	(1,331)	(1,621)
Rental Vehicles Net, Total	8,495	11,840
Vehicles held for sale	285	337
Vehicles, net	8,780	$ 12,177
Accounts Payable, Other, Current	213		$ 297
Other Receivables	$ 357		$ 693

Vehicle Rental Activities (Co_2

Vehicle Rental Activities (Components Of Vehicle Depreciation And Lease Charges) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Vehicle Rental Activities [Abstract]
Depreciation expense	$ 315	$ 516	$ 1,063	$ 1,457
Lease charges	50	72	149	191
(Gain) loss on sale of vehicles, net	(109)	(37)	(123)	(69)
Vehicle depreciation and lease charges, net	$ 256	$ 551	$ 1,089	$ 1,579

Income Taxes Income Taxes (Narr

Income Taxes Income Taxes (Narrative) (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019
Income Taxes [Abstract]
Effective Income Tax Rate Reconciliation, Percent		27.60%	41.40%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%		21.00%

Accounts Payable and Other Cu_3

Accounts Payable and Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Accounts Payable and Other Current Liabilities [Abstract]
Short-term operating lease liabilities	$ 501	$ 479
Accounts payable	404	378
Accrued sales and use taxes	249	223
Accrued advertising and marketing	145	191
Accrued payroll and related	131	195
Public liability and property damage insurance liabilities – current	179	178
Other	538	562
Accounts payable and other current liabilities	$ 2,147	$ 2,206

Long-Term Debt And Borrowing _2

Long-Term Debt And Borrowing Arrangements (Schedule Of Long-Term Debt) (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt	$ 1,200	$ 1,200
Other	24	24	$ 28
Short-term debt and current portion of long-term debt	19	19	19
Long-term debt	$ 4,145	$ 4,145	3,416
Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	5.75%	5.75%
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] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	6.375%	6.375%
Four and One over Eight Euro-Denominated Senior Notes [Member] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	4.125%	4.125%
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%
Four and One over Two Euro-Denominated Senior Notes [Member] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	4.50%	4.50%
Four and three over four Euro-Denominated Senior Notes [Member] | Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	4.75%	4.75%
Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt			336
Debt Instrument, Maturity Date, Description		July 2027
Senior Notes [Member] | Five And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 0	200
Debt Instrument, Maturity Date, Description		April 2023
Debt Instrument, Face Amount	100	$ 100
Senior Notes [Member] | Six And Three Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	350	$ 350	350
Debt Instrument, Maturity Date, Description		April 2024
Senior Notes [Member] | Four and One over Eight Euro-Denominated Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	352	$ 352	336
Debt Instrument, Maturity Date, Description		November 2024
Senior Notes [Member] | Floating Rate Term Loan Due February Two Thousand Twenty Seven [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	1,200	$ 1,200
Senior Notes [Member] | Five And One Over Four Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	375	$ 375	375
Debt Instrument, Maturity Date, Description		March 2025
Senior Notes [Member] | Four and One over Two Euro-Denominated Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	293	$ 293	280
Debt Instrument, Maturity Date, Description		May 2025
Senior Notes [Member] | Four and three over four Euro-Denominated Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	410	$ 410	393
Debt Instrument, Maturity Date, Description		January 2026
Senior Notes [Member] | Ten and One over two
Debt Instrument [Line Items]
Long-term debt	486	$ 486	0
Senior Notes [Member] | Five and three over four Senior Notes
Debt Instrument [Line Items]
Long-term debt	723	723	400
Debt Instrument, Face Amount	$ 350	350
Loans Payable [Member] | Floating Rate Term Loan Due February Two Thousand Twenty Seven [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.92%
Long-term debt	$ 1,201	$ 1,201	1,112
Debt Instrument, Maturity Date, Description		August 2027
Debt Instrument, Description of Variable Rate Basis	225 basis points
Percentage Of Margin Aggregate Interest Rate	2.43%
Senior Notes and Loans Payable [Member]
Debt Instrument [Line Items]
Deferred Finance Costs, Net	$ (50)	$ (50)	(39)
Long-term Debt	$ 4,164	$ 4,164	$ 3,435

Long-Term Debt And Borrowing _3

Long-Term Debt And Borrowing Arrangements (Schedule Of Long-Term Debt) (Detail Section) - USD ($)	3 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,200,000,000
Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	250 basis points
Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.75%
Long Term Borrowings [Member] | Five And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	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%
Long Term Borrowings [Member] | Five And One Over Four Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.25%
Long Term Borrowings [Member] | Ten And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.05%
Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 336,000,000
Senior Notes [Member] | Five And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0	200,000,000
Debt Instrument, Face Amount	100,000,000
Senior Notes [Member] | Six And Three Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	350,000,000	350,000,000
Senior Notes [Member] | Five And One Over Four Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	375,000,000	375,000,000
Senior Notes [Member] | Floating Rate Term Loan Due February Two Thousand Twenty Seven [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	1,200,000,000
Senior Notes [Member] | Ten And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	500,000,000
Loans Payable [Member] | Floating Rate Term Loan Due February Two Thousand Twenty Seven [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,201,000,000	$ 1,112,000,000
Debt Instrument, Description of Variable Rate Basis	225 basis points
Percentage Of Margin Aggregate Interest Rate	2.43%
Debt Instrument, Basis Spread on Variable Rate	3.92%
Derivative, Amount of Hedged Item	$ 700,000,000

Long-Term Debt And Borrowing _4

Long-Term Debt And Borrowing Arrangements (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Other Long-term Debt	$ 24	$ 24	$ 28
Long-term debt	1,200	$ 1,200
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		July 2027
Long-term debt			336
Debt Due To Rental Car Funding [Member]
Debt Instrument [Line Items]
Deferred Finance Costs, Net	$ 38	$ 38	40
Floating Rate Term Loan Due February Two Thousand Twenty Seven [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		August 2027
Debt Instrument, Description of Variable Rate Basis	225 basis points
Debt Instrument, Basis Spread on Variable Rate	3.92%
Long-term debt	$ 1,201	$ 1,201	1,112
Floating Rate Term Loan Due February Two Thousand Twenty Seven [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	1,200	1,200
Five And One Over Two Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	100	$ 100
Debt Instrument, Maturity Date, Description		April 2023
Long-term debt	0	$ 0	200
Six And Three Over Eight Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		April 2024
Long-term debt	350	$ 350	350
Four and One over Eight Euro-Denominated Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		November 2024
Long-term debt	352	$ 352	336
Five And One Over Four Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		March 2025
Long-term debt	375	$ 375	375
Four and One over Two Euro-Denominated Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description		May 2025
Long-term debt	293	$ 293	280
Ten and One over two | Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	486	486	0
Five and three over four Senior Notes | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	350	350
Long-term debt	723	723	$ 400
Ten And One Over Two Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500	$ 500

Long-Term Debt And Borrowing _5

Long-Term Debt And Borrowing Arrangements (Schedule Of Committed Credit Facilities) (Detail) $ in Millions	Sep. 30, 2020USD ($)
Line of Credit Facility [Line Items]
Total Capacity	$ 1,800
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	982
Available Capacity	$ 818

Debt Under Vehicle Programs A_3

Debt Under Vehicle Programs And Borrowing Arrangements (Schedule Of Debt Under Vehicle Programs) (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Debt under vehicle programs	$ 8,339	$ 11,068
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	6,900
Debt under vehicle programs	6,144	7,975
Deferred Finance Costs, Net	(38)	(40)
Americas Debt Borrowings [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	900
Debt under vehicle programs	634	827
International Debt Borrowings [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	1,700
Debt under vehicle programs	1,449	2,100
International Capital Leases [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	200
Debt under vehicle programs	157	215
Debt Under Vehicle Programs [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Deferred Finance Costs, Net	$ (45)	$ (49)

Debt Under Vehicle Programs A_4

Debt Under Vehicle Programs And Borrowing Arrangements (Schedule Of Contractual Maturities) (Detail) $ in Millions	Sep. 30, 2020USD ($)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Vehicle Program Debt Amount Outstanding	$ 8,384
Vehicle backed debt [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Within 1 year (b)	2,588
Between 1 and 2 years (c)	2,038
Between 2 and 3 years	1,186
Between 3 and 4 years	1,430
Between 4 and 5 years	1,049
Thereafter	93
Vehicle Program Debt Amount Outstanding	8,384
Loans Payable to Bank, Current	1,500
Loans Payable to Bank, Noncurrent	$ 500

Debt Under Vehicle Programs A_5

Debt Under Vehicle Programs And Borrowing Arrangements (Schedule Of Available Funding Under The Vehicle Programs) (Detail) $ in Millions	Sep. 30, 2020USD ($)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	$ 12,691
Outstanding Borrowings (b)	8,384
Available Capacity	4,307
Debt Due To Avis Budget Rental Car Funding (Member)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	8,894
Outstanding Borrowings (b)	6,144
Available Capacity	2,750
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	6,900
Americas Debt Borrowings [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	719
Outstanding Borrowings (b)	634
Available Capacity	85
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	900
International Debt Borrowings [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	2,859
Outstanding Borrowings (b)	1,449
Available Capacity	1,410
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	1,700
International Capital Leases [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	219
Outstanding Borrowings (b)	157
Available Capacity	62
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	$ 200

Debt Under Vehicle Programs a_6

Debt Under Vehicle Programs and Borrowing Arrangements Debt Under Vehicle Programs and Borrowing Arrangements (Details) $ in Millions	Sep. 30, 2020USD ($)
Debt Due To Rental Car Funding August 2025 [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Asset-Backed Securities, at Carrying Value	$ 700
Debt, Weighted Average Interest Rate	2.42%
Debt Due To Rental Car Funding February 2026 [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Asset-Backed Securities, at Carrying Value	$ 650
Debt, Weighted Average Interest Rate	2.28%

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
Schedule Of Commitments And Contingencies [Line Items]
Loss Contingency Accrual	$ 12
Loss Contingency, Range of Possible Loss, Portion Not Accrued	40
Purchase obligation over the next twelve months	3,400
Other Receivables	357	$ 693
Realogy [Member]
Schedule Of Commitments And Contingencies [Line Items]
Other Receivables	25
Wyndham [Member]
Schedule Of Commitments And Contingencies [Line Items]
Other Receivables	$ 15

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Detail) $ / shares in Units, shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)
Stockholders Equity [Line Items]
Currency translation adjustments (net of tax of $12, $(12), $12, and $(14), respectively)	$ 35,000,000	$ (31,000,000)	$ (9,000,000)	$ (21,000,000)
Other Comprehensive Income Unrealized Gain Loss On Cash Flow Hedges Arising During Period Net Of Tax			(38,000,000)	(23,000,000)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax			5,000,000	(2,000,000)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax			(33,000,000)	$ (25,000,000)
Option Premiums Paid		16,000,000
Stockholders' Equity Note [Abstract]
Option Premiums Paid		$ 16,000,000
Open Option Contracts Written, Number of Shares		600,000		600,000
Stock Repurchase Program, Authorized Amount	1,800,000,000		$ 1,800,000,000
Stock Repurchased During Period, Shares | shares			5
Stock Repurchased During Period, Value			$ 113,000,000
Stock Repurchased During Period, Average Price | $ / shares			$ 22.49
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 76,000,000		$ 76,000,000
Proceeds from Issuance of Common Stock			$ 15,000,000	$ 0
Additional Paid-in Capital [Member]
Stockholders Equity [Line Items]
Option Premiums Paid		$ 16,000,000		(16,000,000)
Stockholders' Equity Note [Abstract]
Option Premiums Paid		$ 16,000,000		$ (16,000,000)

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Income) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Stockholders Equity [Line Items]
Currency Translation Adjustments, Balance			$ 9	$ (3)
Net Unrealized Gains (Losses) on Cash Flow Hedges, Balance	$ (53)	$ (22)	(53)	(22)
Currency Translation Adjustments, Balance			(146)	(132)
Accumulated Other Comprehensive Income, Balance			(157)	(133)
Currency Translation Adjustments, Current period change	35	(31)	(9)	(21)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(7)	(4)	(33)	(25)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	(1)	(1)	(5)	(5)
Other comprehensive income (loss)	29	(34)	(37)	(41)
Currency Translation Adjustments, Balance	0	(24)	0	(24)
Net Unrealized Gains (Losses) on Cash Flow Hedges, Balance			(20)	2
Currency Translation Adjustments, Balance	(141)	(127)	(141)	(127)
Accumulated Other Comprehensive Income, Balance	(194)	(173)	(194)	(173)
Derivatives used in Net Investment Hedge, Net of Tax	47		47
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent			(9)	(21)
Other Comprehensive Income Unrealized Gain Loss On Cash Flow Hedges Arising During Period Net Of Tax			(38)	(23)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax			(33)	(25)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Net of Tax			4	4
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			(46)	(43)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			9	2
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 on Derivatives, Net of Tax			(5)	2
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax			1	1
Corporate Interest Expense [Member]
Stockholders Equity [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	3	1	5	4
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	3	0	4	2
Selling, General and Administrative Expenses [Member]
Stockholders Equity [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	2	2	6	6
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	1	$ 1	4	4
Vehicle Interest Net [Member]
Stockholders Equity [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	1		2
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	$ 0		$ 1
Adjustments for New Accounting Pronouncement [Member]
Stockholders Equity [Line Items]
Currency Translation Adjustments, Balance				(3)
Currency Translation Adjustments, Balance				(132)
Accumulated Other Comprehensive Income, Balance				(132)
Net Unrealized Gains (Losses) on Cash Flow Hedges, Balance				3
Revision of Prior Period, Accounting Standards Update, Adjustment
Stockholders Equity [Line Items]
Currency Translation Adjustments, Balance				0
Currency Translation Adjustments, Balance				0
Accumulated Other Comprehensive Income, Balance				1
Net Unrealized Gains (Losses) on Cash Flow Hedges, Balance				$ 1

Stockholders' Equity (Component

Stockholders' Equity (Components Of Other Comprehensive Income) (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Equity [Abstract]
Net income (loss)	$ 45,000,000	$ 189,000,000	$ (594,000,000)	$ 160,000,000
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation adjustments (net of tax of $12, $(12), $12, and $(14), respectively)	35,000,000	(31,000,000)	(9,000,000)	(21,000,000)
Net unrealized gain (loss) on cash flow hedges (net of tax of $3, $2, $12, and $9, respectively)	(7,000,000)	(4,000,000)	(33,000,000)	(25,000,000)
Minimum pension liability adjustment (net of tax of $(1), $(1), $(1), and $(1), respectively)	1,000,000	1,000,000	5,000,000	5,000,000
Other comprehensive income (loss)	29,000,000	(34,000,000)	(37,000,000)	(41,000,000)
Total comprehensive income (loss)	74,000,000	155,000,000	(631,000,000)	119,000,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax			5,000,000	(2,000,000)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	12,000,000	(12,000,000)	12,000,000	(14,000,000)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	3,000,000	2,000,000	12,000,000	9,000,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax		(1,000,000)	(1,000,000)	(1,000,000)
Corporate Interest Expense [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	3,000,000	1,000,000	5,000,000	4,000,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	3,000,000	0	4,000,000	2,000,000
Selling, General and Administrative Expenses [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, before Tax	2,000,000	2,000,000	6,000,000	6,000,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	$ 1,000,000	$ 1,000,000	$ 4,000,000	$ 4,000,000

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 4	$ 6	$ 6	$ 18
Stock-based compensation expense (net of tax)	$ 3	$ 5	$ 4	$ 14
Senior Notes [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Debt Instrument, Maturity Date, Description			July 2027
Ten and One over Two Euro-Denominated Senior Notes | Senior Notes [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Debt Instrument, Maturity Date, Description			May 2025

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Based Compensation Activity) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Gross		$ 19	$ 18
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 23	$ 23
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Weighted Average Remaining Contractual Term	1 year 3 months 18 days
Performance-Based and Market-Based RSUs
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, Outstanding, Weighted Average Remaining Contractual Terms	1 year 8 months 12 days
Weighted Average Grant Price, Balance		$ 38.89
Weighted Average Grant Price, Granted at fair market value	$ 21.06
Weighted Average Grant Price, Vested/exercised	36.64
Weighted Average Grant Price, Canceled	35.15
Weighted Average Grant Price, Balance	$ 31.64	$ 31.64
Number of RSUs, Balance		1,061
Number of RSUs, Granted at fair market value	553
Number of RSUs, Vested/exercised	(73)
Number of RSUs, Canceled	(424)
Number of RSUs, Balance	1,117	1,117
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding	$ 29	$ 29
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Number of Shares Outstanding	38	38
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Weighted Average Grant Date Fair Value	$ 20.70	$ 20.70
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Weighted Average Remaining Contractual Term	2 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Expected to Vest	$ 1	$ 1
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Price, Balance		$ 36.99
Weighted Average Grant Price, Granted at fair market value	$ 23.14		$ 34.17
Weighted Average Grant Price, Vested/exercised	37.82
Weighted Average Grant Price, Canceled	$ 32.90
Number of RSUs, Balance		847
Number of RSUs, Granted at fair market value	798
Number of RSUs, Vested/exercised	(420)
Number of RSUs, Canceled	(81)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Number of Shares Outstanding	1,144	1,144
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Weighted Average Grant Date Fair Value	$ 27.31	$ 27.31
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected to Vest, Weighted Average Remaining Contractual Term	1 year 2 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Expected to Vest	$ 30	$ 30

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Share Based Payment Other Than Options Valuation Assumptions) (Details) - Performance-Based and Market-Based RSUs	9 Months Ended
	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	91.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.18%
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%

Financial Instruments (Schedule

Financial Instruments (Schedule Of Carrying Amounts And Estimated Fair Values) (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt and current portion of long-term debt	$ 19	$ 19
Long-term Debt, Excluding Current Maturities	4,145	3,416
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party		7,936
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt and current portion of long-term debt	19	19
Long-term Debt, Excluding Current Maturities	4,145	3,416
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	6,105	7,936
Vehicle Backed Debt	2,231	3,129
Debt Under Vehicle Programs Interest Rate Swaps And Interest Rate Contracts	3	3
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt and current portion of long-term debt	17	19
Long-term Debt, Excluding Current Maturities	3,920	3,572
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	6,312	8,077
Vehicle Backed Debt	2,240	3,142
Debt Under Vehicle Programs Interest Rate Swaps And Interest Rate Contracts	$ 3	$ 3

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Detail) gal in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)gal	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)gal	Sep. 30, 2019USD ($)
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Interest Rate Cash Flow Hedge Liability at Fair Value	$ 18		$ 18
Derivative Instruments, Gain (Loss) Recognized in Income, Net	51	$ (37)	61	$ (36)
Interest Rate Caps [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivative, Notional Amount	8,552		8,552
Interest Rate Caps [Member] | Subsidiaries [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivative, Notional Amount	3,000		3,000
Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivative, Notional Amount	1,950		1,950
Currency Swap [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivative, Notional Amount	$ 1,309		$ 1,309
Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Units Of Gasoline | gal	5		5
Purchase [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivative, Notional Amount	$ 2,800		$ 2,800
Sold [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivative, Notional Amount	5,800		5,800
Not Designated As Hedging Instruments [Member] | Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivative Instruments, Gain (Loss) Recognized in Income, Net	(1)	1	6	(3)
Interest Expense [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivative Instruments, Gain (Loss) Recognized in Income, Net	(10)	9	18	(20)
Operating Expense [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ 2	$ (1)	$ (4)	$ (1)

Financial Instruments (Fair Val

Financial Instruments (Fair Values Of Derivatives Instruments) (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Fair Value, Asset Derivatives	$ 2	$ 5
Fair Value, Liability Derivatives	77	38
Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Fair Value, Asset Derivatives	0	0
Fair Value, Liability Derivatives	72	27
Not Designated As Hedging Instruments [Member] | Foreign Exchange Contract [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Fair Value, Asset Derivatives	2	5
Fair Value, Liability Derivatives	4	10
Not Designated As Hedging Instruments [Member] | Interest Rate Contracts [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Fair Value, Asset Derivatives	0	0
Fair Value, Liability Derivatives	0	1
Not Designated As Hedging Instruments [Member] | Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Fair Value, Asset Derivatives	0	0
Fair Value, Liability Derivatives	$ 1	$ 0

Financial Instruments (Schedu_2

Financial Instruments (Schedule Of Effect Of Derivatives Recognized) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Short-term debt and current portion of long-term debt	$ 19		$ 19		$ 19
Derivatives not designated as hedging instruments	(51)	$ 37	(61)	$ 36
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party					$ 7,936
Designated As Hedging Instruments [Member] | Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Interest rate swaps	(7)	(4)	(33)	(25)
Designated As Hedging Instruments [Member] | Foreign Exchange Contracts [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Interest rate swaps	(32)	32	(34)	37
Not Designated As Hedging Instruments [Member] | Foreign Exchange Contracts [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivatives not designated as hedging instruments	(12)	10	14	21
Not Designated As Hedging Instruments [Member] | Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivatives not designated as hedging instruments	1	(1)	(6)	3
Not Designated As Hedging Instruments [Member] | Interest Rate Contracts [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivatives not designated as hedging instruments	(1)	0	(2)	0
Operating Expense [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivatives not designated as hedging instruments	(2)	1	4	1
Interest Expense [Member]
Schedule of Cost-method Investments [Line Items] (Deprecated 2018-01-31)
Derivatives not designated as hedging instruments	$ 10	$ (9)	$ (18)	$ 20

Segment Information (Summary Of

Segment Information (Summary Of Segments Information) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting [Abstract]
Operating Expenses	$ 8		$ 87
Segment Reporting Information [Line Items]
Assets Under Vehicle Programs	10,043		10,043		$ 13,815
Revenues	1,534	$ 2,753	4,047	$ 7,010
Adjusted EBITDA	220	471	$ (249)	645
Document Fiscal Year Focus			2020
Non-vehicle related depreciation and amortization	74	62	$ 214	195
Interest expense	64	49	163	139
Early extinguishment of debt	(2)	(10)	(9)	(10)
Non-operational charges related to shareholder activist activity			4	0
Transaction-related costs, net	0	0	3	6
Restructuring and other related charges	17	22	89	66
COVID-19 Charges	10	0	90	0
Income before income taxes	53	328	(821)	273
Equity Method Investment, Realized Gain (Loss) on Disposal			0	(44)
Operating Expenses	8		87
Selling, general and administrative	166	350	549	947
Unusual or Infrequent Item, or Both, Net (Gain) Loss	19		14
Operating Leases, Rent Expense, Minimum Rentals	11		41
Supplies Expense	18		35
Vehicle depreciation and lease charges, net	256	551	1,089	1,579
Selling, General and Administrative Expenses [Member]
Segment Reporting Information [Line Items]
Selling, general and administrative	1		2
Vehicles deprecation and lease charges, net [Member]
Segment Reporting Information [Line Items]
Vehicle depreciation and lease charges, net	1		1
Americas [Member]
Segment Reporting Information [Line Items]
Assets Under Vehicle Programs	7,800		7,800		10,500
Revenues	1,114	1,868	2,936	4,822
Adjusted EBITDA	222	321	(41)	508
International [Member]
Segment Reporting Information [Line Items]
Assets Under Vehicle Programs	2,200		2,200		$ 3,300
Revenues	420	885	1,111	2,188
Adjusted EBITDA	6	169	(174)	187
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Adjusted EBITDA	(8)	(19)	(34)	(50)
Americas [Member]
Segment Reporting Information [Line Items]
Revenues	$ 1,114	$ 1,868	$ 2,936	$ 4,822

Segment Information (Narrative)

Segment Information (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Assets Under Vehicle Programs	$ 10,043		$ 10,043		$ 13,815
Operating Leases, Rent Expense, Minimum Rentals	11		41
Vehicle depreciation and lease charges, net	256	$ 551	1,089	$ 1,579
Vehicles deprecation and lease charges, net [Member]
Segment Reporting Information [Line Items]
Vehicle depreciation and lease charges, net	1		1
Americas [Member]
Segment Reporting Information [Line Items]
Assets Under Vehicle Programs	7,800		7,800		10,500
International [Member]
Segment Reporting Information [Line Items]
Assets Under Vehicle Programs	$ 2,200		$ 2,200		$ 3,300