2020 Q4 Form 10-Q Financial Statement

#000072361220000101 Filed on October 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $1.355B $1.534B $2.162B
YoY Change -37.33% -44.28% 5.46%
Cost Of Revenue $785.0M $815.0M $1.164B
YoY Change -32.56% -36.87% 7.98%
Gross Profit $570.0M $719.0M $998.0M
YoY Change -42.89% -50.82% 2.67%
Gross Profit Margin 42.07% 46.87% 46.16%
Selling, General & Admin $200.0M $166.0M $354.0M
YoY Change -43.5% -52.57% 7.93%
% of Gross Profit 35.09% 23.09% 35.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $339.0M $389.0M $501.0M
YoY Change -32.34% -32.7% -0.6%
% of Gross Profit 59.47% 54.1% 50.2%
Operating Expenses $539.0M $8.000M $855.0M
YoY Change -36.96% -97.71% 2.76%
Operating Profit $31.00M $711.0M $143.0M
YoY Change -78.32% -36.06% 2.14%
Interest Expense -$139.0M $64.00M -$122.0M
YoY Change 13.93% 30.61% -3.17%
% of Operating Profit -448.39% 9.0% -85.31%
Other Income/Expense, Net
YoY Change
Pretax Income -$135.0M $53.00M $14.00M
YoY Change -1064.29% -83.84% 366.67%
Income Tax -$45.00M $8.000M -$128.0M
% Of Pretax Income 15.09% -914.29%
Net Earnings -$90.00M $45.00M $142.0M
YoY Change -163.38% -76.19% 992.31%
Net Earnings / Revenue -6.64% 2.93% 6.57%
Basic Earnings Per Share $0.64 $1.92
Diluted Earnings Per Share -$1.293M $0.63 $1.90
COMMON SHARES
Basic Shares Outstanding 69.68M shares 69.70M shares 73.90M shares
Diluted Shares Outstanding 70.20M shares 74.40M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $692.0M $1.564B $686.0M
YoY Change 0.87% 154.31% 11.54%
Cash & Equivalents $692.0M $1.564B $686.0M
Short-Term Investments
Other Short-Term Assets $456.0M $470.0M $548.0M
YoY Change -16.79% -28.79% -9.27%
Inventory
Prepaid Expenses $161.0M $177.0M $234.0M
Receivables $647.0M $601.0M $911.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.795B $2.635B $2.145B
YoY Change -16.32% 22.73% -1.33%
LONG-TERM ASSETS
Property, Plant & Equipment $657.0M $692.0M $792.0M
YoY Change -17.05% -7.98% 7.61%
Goodwill $1.137B $1.112B $1.101B
YoY Change 3.27% 2.68% 0.82%
Intangibles $774.0M $780.0M $798.0M
YoY Change -3.01% -1.52% -3.27%
Long-Term Investments $667.0M $670.0M $0.00
YoY Change
Other Assets $244.0M $249.0M $217.0M
YoY Change 12.44% 12.67% -10.33%
Total Long-Term Assets $15.74B $16.96B $20.98B
YoY Change -24.97% -19.08% 23.6%
TOTAL ASSETS
Total Short-Term Assets $1.795B $2.635B $2.145B
Total Long-Term Assets $15.74B $16.96B $20.98B
Total Assets $17.54B $19.60B $23.13B
YoY Change -24.16% -15.2% 20.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $394.0M $404.0M $378.0M
YoY Change 4.23% 5.76% 1.89%
Accrued Expenses $968.0M $1.026B $1.088B
YoY Change -11.03% -4.74% 57.45%
Deferred Revenue $70.00M
YoY Change
Short-Term Debt $19.00M $0.00 $0.00
YoY Change
Long-Term Debt Due $19.00M $19.00M $19.00M
YoY Change 0.0% -80.0% -17.39%
Total Short-Term Liabilities $2.053B $2.166B $2.225B
YoY Change -7.73% -5.41% 29.66%
LONG-TERM LIABILITIES
Long-Term Debt $4.191B $4.145B $3.416B
YoY Change 22.69% 22.34% -3.17%
Other Long-Term Liabilities $731.0M $764.0M $757.0M
YoY Change -3.43% 2.14% -1.3%
Total Long-Term Liabilities $4.922B $4.909B $4.173B
YoY Change 17.95% 18.69% -2.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.053B $2.166B $2.225B
Total Long-Term Liabilities $4.922B $4.909B $4.173B
Total Liabilities $6.975B $7.075B $6.398B
YoY Change 9.02% 10.1% 6.44%
SHAREHOLDERS EQUITY
Retained Earnings -$1.470B -$1.380B -$785.0M
YoY Change 87.26% 48.87% -28.05%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.167B $5.175B $5.144B
YoY Change 0.45% 0.66% 0.19%
Treasury Stock Shares 67.00M shares 67.00M shares 63.00M shares
Shareholders Equity -$155.0M -$76.00M $656.0M
YoY Change
Total Liabilities & Shareholders Equity $17.54B $19.60B $23.13B
YoY Change -24.16% -15.2% 20.77%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income -$90.00M $45.00M $142.0M
YoY Change -163.38% -76.19% 992.31%
Depreciation, Depletion And Amortization $339.0M $389.0M $501.0M
YoY Change -32.34% -32.7% -0.6%
Cash From Operating Activities $59.00M $282.0M $655.0M
YoY Change -90.99% -70.81% 27.43%
INVESTING ACTIVITIES
Capital Expenditures -$671.0M -$564.0M -$2.338B
YoY Change -71.3% -71.33% -9.52%
Acquisitions
YoY Change
Other Investing Activities $1.365B $2.730B $2.624B
YoY Change -47.98% 31.57% -7.44%
Cash From Investing Activities $694.0M $2.166B $286.0M
YoY Change 142.66% 1905.56% 13.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.662B -2.159B -772.0M
YoY Change 115.28% 130.42% -1.91%
NET CHANGE
Cash From Operating Activities 59.00M 282.0M 655.0M
Cash From Investing Activities 694.0M 2.166B 286.0M
Cash From Financing Activities -1.662B -2.159B -772.0M
Net Change In Cash -909.0M 289.0M 169.0M
YoY Change -637.87% 110.95% -868.18%
FREE CASH FLOW
Cash From Operating Activities $59.00M $282.0M $655.0M
Capital Expenditures -$671.0M -$564.0M -$2.338B
Free Cash Flow $730.0M $846.0M $2.993B
YoY Change -75.61% -71.16% -3.39%

Facts In Submission

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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
24000000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
23000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10000000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-156000000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
65000000 USD
car Increase Decrease In Income Taxes And Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesAndDeferredIncomeTaxes
-239000000 USD
car Increase Decrease In Income Taxes And Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesAndDeferredIncomeTaxes
40000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-59000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
41000000 USD
car Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-707000000 USD
car Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-746000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-172000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-115000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
632000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1931000000 USD
car Property And Equipment Additions
PropertyAndEquipmentAdditions
75000000 USD
car Property And Equipment Additions
PropertyAndEquipmentAdditions
178000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
7000000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
63000000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
68000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-80000000 USD
car Net Cash Used In Investing Activities Exclusive Of Vehicle Programs
NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms
-133000000 USD
car Net Cash Used In Investing Activities Exclusive Of Vehicle Programs
NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms
-159000000 USD
car Investment In Vehicles
InvestmentInVehicles
4749000000 USD
car Investment In Vehicles
InvestmentInVehicles
10621000000 USD
car Proceeds Received On Disposition Of Vehicles
ProceedsReceivedOnDispositionOfVehicles
7386000000 USD
car Proceeds Received On Disposition Of Vehicles
ProceedsReceivedOnDispositionOfVehicles
7826000000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
243000000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
221000000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
222000000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
137000000 USD
car Net Cash Used In Investing Activities Of Vehicle Programs
NetCashUsedInInvestingActivitiesOfVehiclePrograms
-2616000000 USD
car Net Cash Used In Investing Activities Of Vehicle Programs
NetCashUsedInInvestingActivitiesOfVehiclePrograms
2879000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2483000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3038000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
car Proceeds From Long Term Borrowings
ProceedsFromLongTermBorrowings
991000000 USD
car Proceeds From Long Term Borrowings
ProceedsFromLongTermBorrowings
402000000 USD
car Principal Payments On Long Term Borrowings
PrincipalPaymentsOnLongTermBorrowings
303000000 USD
car Principal Payments On Long Term Borrowings
PrincipalPaymentsOnLongTermBorrowings
427000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
119000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
65000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
24000000 USD
car Principal Payments On Borrowings From Financing Activities Within Vehicle Programs
PrincipalPaymentsOnBorrowingsFromFinancingActivitiesWithinVehiclePrograms
14838000000 USD
car Net Cash Provided By Used In Financing Activities Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesOfVehiclePrograms
-2943000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6000000 USD
car Net Cash Provided By Used In Financing Activities Exclusive Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesExclusiveOfVehiclePrograms
560000000 USD
car Net Cash Provided By Used In Financing Activities Exclusive Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesExclusiveOfVehiclePrograms
-96000000 USD
car Proceeds From Borrowings From Financing Activities Within Vehicle Programs
ProceedsFromBorrowingsFromFinancingActivitiesWithinVehiclePrograms
12349000000 USD
car Proceeds From Borrowings From Financing Activities Within Vehicle Programs
ProceedsFromBorrowingsFromFinancingActivitiesWithinVehiclePrograms
16042000000 USD
car Principal Payments On Borrowings From Financing Activities Within Vehicle Programs
PrincipalPaymentsOnBorrowingsFromFinancingActivitiesWithinVehiclePrograms
15280000000 USD
car Vehicle Programs Payments Of Financing Costs
VehicleProgramsPaymentsOfFinancingCosts
12000000 USD
car Vehicle Programs Payments Of Financing Costs
VehicleProgramsPaymentsOfFinancingCosts
18000000 USD
car Net Cash Provided By Used In Financing Activities Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesOfVehiclePrograms
1186000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2383000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1090000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
760000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-27000000 USD
CY2020Q3 car Otherrelated Revenue
OtherrelatedRevenue
30000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
900000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
735000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1660000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
708000000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-153000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
45000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
29000000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
74000000 USD
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
3000000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-76000000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
376000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
189000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-34000000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
155000000 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
7000000 USD
CY2019Q3 car Option Premiums Paid
OptionPremiumsPaid
16000000 USD
car Otherrelated Revenue
OtherrelatedRevenue
84000000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
59000000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
495000000 USD
CY2019Q3 car Otherrelated Revenue
OtherrelatedRevenue
40000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
656000000 USD
car Cumulative Effect Of Accounting
CumulativeEffectOfAccounting
-1000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-594000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-37000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-631000000 USD
us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
2000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
0 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
15000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
113000000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-76000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
414000000 USD
car Cumulative Effect Of Accounting
CumulativeEffectOfAccounting
5000000 USD
us-gaap Net Income Loss
NetIncomeLoss
160000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-41000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
119000000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
4000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
59000000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
495000000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1200000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
16000000 USD
CY2020Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1800000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1564000000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
615000000 USD
CY2020Q3 car Program Cash
ProgramCash
94000000 USD
CY2019Q3 car Program Cash
ProgramCash
89000000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2000000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1660000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
708000000 USD
car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
5000000 USD
car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
3000000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
64000000 USD
us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
44000000 USD
CY2020Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
59000000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
56000000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
3000000 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
5000000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
9000000 USD
CY2019Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
8000000 USD
CY2020Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentCumulativeAmount
12000000 USD
car Otherrelated Revenue
OtherrelatedRevenue
103000000 USD
CY2020Q3 us-gaap Revenues
Revenues
1534000000 USD
CY2019Q3 us-gaap Revenues
Revenues
2753000000 USD
us-gaap Revenues
Revenues
4047000000 USD
us-gaap Revenues
Revenues
7010000000 USD
CY2020Q3 us-gaap Revenues
Revenues
1534000000 USD
CY2019Q3 us-gaap Revenues
Revenues
2753000000 USD
us-gaap Revenues
Revenues
4047000000 USD
us-gaap Revenues
Revenues
7010000000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1504000000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2713000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3963000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
6907000000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1504000000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2713000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3963000000 USD
car Chargesrelatedtovoluntaryterminationprogram Numberof Positions Eliminated
ChargesrelatedtovoluntaryterminationprogramNumberofPositionsEliminated
400 Employee
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
6907000000 USD
CY2020Q3 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
11000000 USD
us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
41000000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
501000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
479000000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
6000000 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
10000000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
6000000 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
10000000 USD
car Chargesrelatedtovoluntaryterminationprogram
Chargesrelatedtovoluntaryterminationprogram
18000000 USD
CY2020Q3 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
2000000 USD
CY2019Q3 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
12000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
45000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
189000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-594000000 USD
us-gaap Net Income Loss
NetIncomeLoss
160000000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69700000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75600000 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70200000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76200000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.12
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.10
CY2020Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
177000000 USD
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
234000000 USD
CY2020Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
147000000 USD
CY2019Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
173000000 USD
CY2020Q3 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
146000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
25000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
18000000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
141000000 USD
CY2020Q3 us-gaap Other Assets Current
OtherAssetsCurrent
470000000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
548000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
584000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
352000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
232000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
546000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
298000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
248000000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17000000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
44000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
64000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
33000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
22000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
16000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 car Rental Vehicles
RentalVehicles
9826000000 USD
CY2019Q4 car Rental Vehicles
RentalVehicles
13461000000 USD
CY2020Q3 car Accumulated Depreciation
AccumulatedDepreciation
1331000000 USD
CY2019Q4 car Accumulated Depreciation
AccumulatedDepreciation
1621000000 USD
CY2020Q3 car Rental Vehicles Net
RentalVehiclesNet
8495000000 USD
CY2019Q4 car Rental Vehicles Net
RentalVehiclesNet
11840000000 USD
CY2020Q3 car Vehicles Held For Sale
VehiclesHeldForSale
285000000 USD
CY2019Q4 car Vehicles Held For Sale
VehiclesHeldForSale
337000000 USD
CY2020Q3 car Vehicles Net
VehiclesNet
8780000000 USD
CY2019Q4 car Vehicles Net
VehiclesNet
12177000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 car Vehicle Depreciation Expense
VehicleDepreciationExpense
315000000 USD
CY2020Q3 car Vehicle Depreciation Expense
VehicleDepreciationExpense
315000000 USD
CY2019Q3 car Vehicle Depreciation Expense
VehicleDepreciationExpense
516000000 USD
car Vehicle Depreciation Expense
VehicleDepreciationExpense
1063000000 USD
car Vehicle Depreciation Expense
VehicleDepreciationExpense
1457000000 USD
CY2020Q3 car Vehicle Lease Charges
VehicleLeaseCharges
50000000 USD
CY2020Q3 car Vehicle Lease Charges
VehicleLeaseCharges
50000000 USD
CY2019Q3 car Vehicle Lease Charges
VehicleLeaseCharges
72000000 USD
car Vehicle Lease Charges
VehicleLeaseCharges
149000000 USD
CY2019Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
297000000 USD
car Vehicle Lease Charges
VehicleLeaseCharges
191000000 USD
CY2020Q3 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
109000000 USD
CY2020Q3 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
109000000 USD
CY2019Q3 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
37000000 USD
car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
123000000 USD
car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
69000000 USD
CY2020Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
256000000 USD
CY2019Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
551000000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
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us-gaap Cost Of Goods And Services Sold Depreciation
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357000000 USD
CY2019Q3 us-gaap Other Receivables
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
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CY2019Q4 us-gaap Short Term Lease Commitment Amount
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479000000 USD
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404000000 USD
CY2019Q4 us-gaap Accounts Payable Current
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378000000 USD
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249000000 USD
CY2019Q4 car Accrued Sales And Use Taxes Current
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223000000 USD
CY2020Q3 car Publicliabilityandpropertydamageinsuranceliabilitiescurrent
Publicliabilityandpropertydamageinsuranceliabilitiescurrent
179000000 USD
CY2019Q4 car Publicliabilityandpropertydamageinsuranceliabilitiescurrent
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178000000 USD
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145000000 USD
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2206000000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
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195000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 us-gaap Other Long Term Debt
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24000000 USD
CY2019Q4 car Accruedmarketingandcommissionscurrent
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191000000 USD
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131000000 USD
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CY2019Q4 us-gaap Other Long Term Debt
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CY2020Q3 us-gaap Long Term Debt Current
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19000000 USD
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19000000 USD
CY2020Q3 us-gaap Long Term Debt Noncurrent
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4145000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
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3416000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 car Vehicle Program Outstanding Debt
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8339000000 USD
CY2019Q4 car Vehicle Program Outstanding Debt
VehicleProgramOutstandingDebt
11068000000 USD
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12691000000 USD
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8384000000 USD
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4307000000 USD
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12000000 USD
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40000000 USD
CY2020Q3 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
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3400000000 USD
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1800000000 USD
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5000000.0 shares
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113000000 USD
car Stock Repurchased During Period Average Price
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22.49
CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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76000000 USD
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600000 USD
us-gaap Proceeds From Issuance Of Common Stock
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15000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
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45000000 USD
CY2019Q3 us-gaap Net Income Loss
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189000000 USD
us-gaap Net Income Loss
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us-gaap Net Income Loss
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160000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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12000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
12000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
35000000 USD
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3000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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2000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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12000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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9000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2019Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
29000000 USD
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
74000000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
155000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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9000000 USD
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1000000 USD
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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5000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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4000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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9000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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0 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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2000000 USD
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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car Other Comprehensive Income Unrealized Gain Loss On Cash Flow Hedges Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnCashFlowHedgesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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1000000 USD
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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0 USD
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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18000000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
23000000 USD
CY2020Q3 car Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Expectedto Vest Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsExpectedtoVestWeightedAverageRemainingContractualTerm
P1Y3M18D
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47000000 USD
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AllocatedShareBasedCompensationExpense
4000000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000 USD
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3000000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
5000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000 USD
us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense Net Of Tax
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4000000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
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14000000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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19000000 USD
CY2020Q3 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
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18000000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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2000000 USD
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77000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
5000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
38000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2019Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
37000000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
36000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 us-gaap Revenues
Revenues
1534000000 USD
CY2020Q3 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
220000000 USD
CY2019Q3 us-gaap Revenues
Revenues
2753000000 USD
CY2019Q3 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
471000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q3 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
220000000 USD
CY2019Q3 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
471000000 USD
CY2020Q3 car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
74000000 USD
CY2019Q3 car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
62000000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
64000000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
49000000 USD
CY2020Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2019Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2020Q3 us-gaap Restructuring Charges
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17000000 USD
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
22000000 USD
CY2020Q3 car Covid19 Charges
COVID19Charges
10000000 USD
CY2019Q3 car Covid19 Charges
COVID19Charges
0 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
53000000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
328000000 USD
CY2020Q3 us-gaap Operating Expenses
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8000000 USD
CY2020Q3 us-gaap Supplies Expense
SuppliesExpense
18000000 USD
CY2020Q3 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
11000000 USD
CY2020Q3 us-gaap Unusual Or Infrequent Item Net Gain Loss
UnusualOrInfrequentItemNetGainLoss
19000000 USD
us-gaap Revenues
Revenues
4047000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
-249000000 USD
us-gaap Revenues
Revenues
7010000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
645000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
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car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
645000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
214000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
195000000 USD
us-gaap Interest Expense
InterestExpense
163000000 USD
us-gaap Interest Expense
InterestExpense
139000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-9000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10000000 USD
car Covid19 Charges
COVID19Charges
90000000 USD
car Covid19 Charges
COVID19Charges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
89000000 USD
us-gaap Restructuring Charges
RestructuringCharges
66000000 USD
car Nonoperationalchargesrelatedtoshareholderactivistactivity
Nonoperationalchargesrelatedtoshareholderactivistactivity
4000000 USD
car Nonoperationalchargesrelatedtoshareholderactivistactivity
Nonoperationalchargesrelatedtoshareholderactivistactivity
0 USD
car Transactionrelatedcostsnet
Transactionrelatedcostsnet
3000000 USD
car Transactionrelatedcostsnet
Transactionrelatedcostsnet
6000000 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
273000000 USD
us-gaap Operating Expenses
OperatingExpenses
87000000 USD
us-gaap Operating Leases Rent Expense Minimum Rentals
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41000000 USD
us-gaap Supplies Expense
SuppliesExpense
35000000 USD
us-gaap Unusual Or Infrequent Item Net Gain Loss
UnusualOrInfrequentItemNetGainLoss
14000000 USD

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