$CAR
AVIS BUDGET GROUP, INC.

2021 Q2 Form 10-Q Financial Statement

#000072361221000049 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q2
Revenue $2.371B $1.372B $760.0M
YoY Change 211.97% -21.73% -67.48%
Cost Of Revenue $1.031B $777.0M $549.0M
YoY Change 87.8% -26.0% -53.16%
Gross Profit $1.340B $595.0M $211.0M
YoY Change 535.07% -15.36% -81.89%
Gross Profit Margin 56.52% 43.37% 27.76%
Selling, General & Admin $294.0M $182.0M $132.0M
YoY Change 122.73% -27.49% -57.83%
% of Gross Profit 21.94% 30.59% 62.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $398.0M $327.0M $405.0M
YoY Change -1.73% -32.3% -29.07%
% of Gross Profit 29.7% 54.96% 191.94%
Operating Expenses $294.0M $182.0M $72.00M
YoY Change 308.33% -27.49% -77.0%
Operating Profit $1.046B $413.0M $139.0M
YoY Change 652.52% -8.63% -83.69%
Interest Expense $59.00M $61.00M $51.00M
YoY Change 15.69% 27.08% 6.25%
% of Operating Profit 5.64% 14.77% 36.69%
Other Income/Expense, Net
YoY Change
Pretax Income $486.0M -$250.0M -$609.0M
YoY Change -179.8% -5.66% -851.85%
Income Tax $88.00M -$80.00M -$128.0M
% Of Pretax Income 18.11%
Net Earnings $398.0M -$170.0M -$481.0M
YoY Change -182.74% 7.59% -875.81%
Net Earnings / Revenue 16.79% -12.39% -63.29%
Basic Earnings Per Share $5.69 -$2.43 -$6.91
Diluted Earnings Per Share $5.63 -$2.43 -$6.91
COMMON SHARES
Basic Shares Outstanding 69.90M shares 69.90M shares 69.60M shares
Diluted Shares Outstanding 70.60M shares 69.90M shares 69.60M shares

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.324B $576.0M $1.258B
YoY Change 5.25% -15.17% 135.58%
Cash & Equivalents $1.324B $576.0M $1.258B
Short-Term Investments
Other Short-Term Assets $615.0M $506.0M $445.0M
YoY Change 38.2% -5.6% -46.51%
Inventory
Prepaid Expenses $248.0M $204.0M $165.0M
Receivables $797.0M $786.0M $537.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.736B $1.868B $2.240B
YoY Change 22.14% -3.06% -2.01%
LONG-TERM ASSETS
Property, Plant & Equipment $578.0M $611.0M $729.0M
YoY Change -20.71% -20.34% -2.67%
Goodwill $1.127B $1.121B $1.077B
YoY Change 4.64% 4.86% -2.71%
Intangibles $739.0M $750.0M $790.0M
YoY Change -6.46% -5.54% -1.99%
Long-Term Investments $769.0M $666.0M $725.0M
YoY Change 6.07% -15.16%
Other Assets $281.0M $266.0M $227.0M
YoY Change 23.79% 25.47% 1.79%
Total Long-Term Assets $19.28B $16.74B $19.45B
YoY Change -0.89% -22.58% -12.26%
TOTAL ASSETS
Total Short-Term Assets $2.736B $1.868B $2.240B
Total Long-Term Assets $19.28B $16.74B $19.45B
Total Assets $22.01B $18.61B $21.69B
YoY Change 1.49% -20.99% -11.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $446.0M $458.0M $389.0M
YoY Change 14.65% 13.93% -2.75%
Accrued Expenses $1.112B $993.0M $974.0M
YoY Change 14.17% -1.0% -5.07%
Deferred Revenue $335.0M $151.0M
YoY Change
Short-Term Debt $21.00M $19.00M $0.00
YoY Change
Long-Term Debt Due $21.00M $19.00M $19.00M
YoY Change 10.53% -83.9% -95.48%
Total Short-Term Liabilities $2.467B $2.190B $2.103B
YoY Change 17.31% -3.23% -21.21%
LONG-TERM LIABILITIES
Long-Term Debt $4.277B $4.264B $3.884B
YoY Change 10.12% 25.56% 24.69%
Other Long-Term Liabilities $667.0M $681.0M $735.0M
YoY Change -9.25% -8.71% -2.26%
Total Long-Term Liabilities $4.944B $4.945B $4.619B
YoY Change 7.04% 19.39% 19.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.467B $2.190B $2.103B
Total Long-Term Liabilities $4.944B $4.945B $4.619B
Total Liabilities $7.411B $7.135B $6.722B
YoY Change 10.25% 11.4% 2.85%
SHAREHOLDERS EQUITY
Retained Earnings -$1.242B -$1.640B -$1.425B
YoY Change -12.84% 73.73% 27.69%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.152B $5.156B $5.176B
YoY Change -0.46% -0.58% 1.63%
Treasury Stock Shares 67.00M shares 67.00M shares 61.00M shares
Shareholders Equity $92.00M -$316.0M -$153.0M
YoY Change
Total Liabilities & Shareholders Equity $22.01B $18.61B $21.69B
YoY Change 1.49% -20.99% -11.31%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q2
OPERATING ACTIVITIES
Net Income $398.0M -$170.0M -$481.0M
YoY Change -182.74% 7.59% -875.81%
Depreciation, Depletion And Amortization $398.0M $327.0M $405.0M
YoY Change -1.73% -32.3% -29.07%
Cash From Operating Activities $919.0M $336.0M -$20.00M
YoY Change -4695.0% -9.19% -103.81%
INVESTING ACTIVITIES
Capital Expenditures -$3.189B -$3.044B -$466.0M
YoY Change 584.33% -19.77% -89.41%
Acquisitions
YoY Change
Other Investing Activities $520.0M $0.00 $2.265B
YoY Change -77.04% -15.71%
Cash From Investing Activities -$2.669B -$1.366B $1.799B
YoY Change -248.36% -7.83% -205.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $19.00M
YoY Change -81.55%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.516B $914.0M -1.186B
YoY Change -312.14% -4.99% -208.81%
NET CHANGE
Cash From Operating Activities 919.0M $336.0M -20.00M
Cash From Investing Activities -2.669B -$1.366B 1.799B
Cash From Financing Activities 2.516B $914.0M -1.186B
Net Change In Cash 766.0M -$126.0M 593.0M
YoY Change 29.17% -29.61% -711.34%
FREE CASH FLOW
Cash From Operating Activities $919.0M $336.0M -$20.00M
Capital Expenditures -$3.189B -$3.044B -$466.0M
Free Cash Flow $4.108B $3.380B $446.0M
YoY Change 821.08% -18.83% -90.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Period End Date
DocumentPeriodEndDate
2021-06-30
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0000723612
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q2 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://www.avis.com/20210630#AccountsPayableAndOtherCurrentLiabilities
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-10308
dei Entity Registrant Name
EntityRegistrantName
Avis Budget Group, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
06-0918165
dei Entity Address Address Line1
EntityAddressAddressLine1
6 Sylvan Way
dei Entity Address City Or Town
EntityAddressCityOrTown
Parsippany,
dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
CY2021Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
66542531 shares
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
07054
dei City Area Code
CityAreaCode
(973)
dei Local Phone Number
LocalPhoneNumber
496-4700
dei Security12b Title
Security12bTitle
Common Stock, Par Value $0.01
dei Trading Symbol
TradingSymbol
CAR
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 us-gaap Revenues
Revenues
2371000000 USD
CY2020Q2 us-gaap Revenues
Revenues
760000000 USD
us-gaap Revenues
Revenues
3743000000 USD
us-gaap Revenues
Revenues
2513000000 USD
CY2021Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1032000000 USD
CY2020Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
622000000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1864000000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1680000000 USD
CY2021Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
338000000 USD
CY2020Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
374000000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
592000000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
833000000 USD
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
294000000 USD
CY2020Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
132000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
476000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
383000000 USD
CY2021Q2 car Vehicle Interest Net
VehicleInterestNet
77000000 USD
CY2020Q2 car Vehicle Interest Net
VehicleInterestNet
87000000 USD
car Vehicle Interest Net
VehicleInterestNet
152000000 USD
car Vehicle Interest Net
VehicleInterestNet
170000000 USD
CY2021Q2 car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
62000000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
398000000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-481000000 USD
CY2020Q2 car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
71000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
130000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
140000000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
59000000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
51000000 USD
us-gaap Interest Expense
InterestExpense
120000000 USD
us-gaap Interest Expense
InterestExpense
99000000 USD
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-129000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-7000000 USD
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
22000000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
28000000 USD
us-gaap Restructuring Charges
RestructuringCharges
42000000 USD
us-gaap Restructuring Charges
RestructuringCharges
72000000 USD
CY2021Q2 car Transactionrelatedcostsnet
Transactionrelatedcostsnet
1000000 USD
CY2020Q2 car Transactionrelatedcostsnet
Transactionrelatedcostsnet
1000000 USD
car Transactionrelatedcostsnet
Transactionrelatedcostsnet
2000000 USD
car Transactionrelatedcostsnet
Transactionrelatedcostsnet
3000000 USD
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
1885000000 USD
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
1369000000 USD
us-gaap Costs And Expenses
CostsAndExpenses
3507000000 USD
us-gaap Costs And Expenses
CostsAndExpenses
3387000000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
486000000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-609000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
236000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-874000000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
88000000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-128000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-235000000 USD
us-gaap Net Income Loss
NetIncomeLoss
228000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-639000000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
400000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-448000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
254000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-705000000 USD
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.69
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.96
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.63
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.96
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1324000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
692000000 USD
CY2021Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
797000000 USD
CY2020Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
647000000 USD
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
615000000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
456000000 USD
CY2021Q2 us-gaap Assets Current
AssetsCurrent
2736000000 USD
CY2020Q4 us-gaap Assets Current
AssetsCurrent
1795000000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
578000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
657000000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2407000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2560000000 USD
CY2021Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1349000000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1198000000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
1127000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1137000000 USD
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
739000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
774000000 USD
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
281000000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
244000000 USD
CY2021Q2 car Total Assets Exclusive Of Assets Under Vehicle Programs
TotalAssetsExclusiveOfAssetsUnderVehiclePrograms
9217000000 USD
CY2020Q4 car Total Assets Exclusive Of Assets Under Vehicle Programs
TotalAssetsExclusiveOfAssetsUnderVehiclePrograms
8365000000 USD
CY2021Q2 car Program Cash
ProgramCash
84000000 USD
CY2020Q4 car Program Cash
ProgramCash
72000000 USD
CY2021Q2 car Vehicles Net
VehiclesNet
11728000000 USD
CY2020Q4 car Vehicles Net
VehiclesNet
8153000000 USD
CY2021Q2 car Receivables From Vehicle Manufacturers And Other
ReceivablesFromVehicleManufacturersAndOther
215000000 USD
CY2020Q4 car Receivables From Vehicle Manufacturers And Other
ReceivablesFromVehicleManufacturersAndOther
281000000 USD
CY2021Q2 car Investment In Related Party
InvestmentInRelatedParty
769000000 USD
CY2020Q4 car Investment In Related Party
InvestmentInRelatedParty
667000000 USD
CY2021Q2 car Assets Under Vehicle Programs
AssetsUnderVehiclePrograms
12796000000 USD
CY2020Q4 car Assets Under Vehicle Programs
AssetsUnderVehiclePrograms
9173000000 USD
CY2021Q2 us-gaap Assets
Assets
22013000000 USD
CY2020Q4 us-gaap Assets
Assets
17538000000 USD
CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2446000000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2034000000 USD
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
21000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
19000000 USD
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2467000000 USD
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2053000000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4277000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4191000000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1947000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2078000000 USD
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
667000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
731000000 USD
CY2021Q2 car Total Liabilities Exclusive Of Liabilities Under Vehicle Programs
TotalLiabilitiesExclusiveOfLiabilitiesUnderVehiclePrograms
9358000000 USD
CY2020Q4 car Total Liabilities Exclusive Of Liabilities Under Vehicle Programs
TotalLiabilitiesExclusiveOfLiabilitiesUnderVehiclePrograms
9053000000 USD
CY2021Q2 car Debt
Debt
2235000000 USD
CY2020Q4 car Debt
Debt
1777000000 USD
CY2021Q2 car Debt Due To Avis Budget Rental Car Funding Aesop Llc Related Party
DebtDueToAvisBudgetRentalCarFundingAesopLlcRelatedParty
8173000000 USD
CY2020Q4 car Debt Due To Avis Budget Rental Car Funding Aesop Llc Related Party
DebtDueToAvisBudgetRentalCarFundingAesopLlcRelatedParty
5080000000 USD
CY2021Q2 car Deferred Income Taxes
DeferredIncomeTaxes
1537000000 USD
CY2020Q4 car Deferred Income Taxes
DeferredIncomeTaxes
1383000000 USD
CY2021Q2 car Other Liabilities Under Vehicle Programs
OtherLiabilitiesUnderVehiclePrograms
618000000 USD
CY2020Q4 car Other Liabilities Under Vehicle Programs
OtherLiabilitiesUnderVehiclePrograms
400000000 USD
CY2021Q2 car Liabilities Under Vehicle Programs
LiabilitiesUnderVehiclePrograms
12563000000 USD
CY2020Q4 car Liabilities Under Vehicle Programs
LiabilitiesUnderVehiclePrograms
8640000000 USD
CY2021Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
137000000 shares
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
137000000 shares
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
1000000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
1000000 USD
CY2021Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6646000000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
6668000000 USD
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1242000000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1470000000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-161000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-187000000 USD
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
67000000 shares
CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
67000000 shares
CY2021Q2 us-gaap Treasury Stock Value
TreasuryStockValue
5152000000 USD
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
5167000000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
92000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-155000000 USD
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
22013000000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
17538000000 USD
us-gaap Net Income Loss
NetIncomeLoss
228000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-639000000 USD
car Vehicle Depreciation
VehicleDepreciation
595000000 USD
car Vehicle Depreciation
VehicleDepreciation
748000000 USD
car Amortizationof Right Of Use Assets
AmortizationofRightOfUseAssets
492000000 USD
car Amortizationof Right Of Use Assets
AmortizationofRightOfUseAssets
424000000 USD
car Gain Loss On Sale Of Vehicles
GainLossOnSaleOfVehicles
89000000 USD
car Gain Loss On Sale Of Vehicles
GainLossOnSaleOfVehicles
13000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
130000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
140000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
14000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2000000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
17000000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
16000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-129000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-7000000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
117000000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-243000000 USD
car Increase Decrease In Income Taxes And Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesAndDeferredIncomeTaxes
-42000000 USD
car Increase Decrease In Income Taxes And Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesAndDeferredIncomeTaxes
-240000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
428000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-98000000 USD
car Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-489000000 USD
car Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-422000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
41000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-182000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1255000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
350000000 USD
car Property And Equipment Additions
PropertyAndEquipmentAdditions
30000000 USD
car Property And Equipment Additions
PropertyAndEquipmentAdditions
64000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4000000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
5000000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
60000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
car Net Cash Used In Investing Activities Exclusive Of Vehicle Programs
NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms
-38000000 USD
car Net Cash Used In Investing Activities Exclusive Of Vehicle Programs
NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms
-120000000 USD
car Investment In Vehicles
InvestmentInVehicles
6203000000 USD
car Investment In Vehicles
InvestmentInVehicles
4196000000 USD
car Proceeds Received On Disposition Of Vehicles
ProceedsReceivedOnDispositionOfVehicles
2308000000 USD
car Proceeds Received On Disposition Of Vehicles
ProceedsReceivedOnDispositionOfVehicles
4709000000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
163000000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
175000000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
61000000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
99000000 USD
car Net Cash Used In Investing Activities Of Vehicle Programs
NetCashUsedInInvestingActivitiesOfVehiclePrograms
3997000000 USD
car Net Cash Used In Investing Activities Of Vehicle Programs
NetCashUsedInInvestingActivitiesOfVehiclePrograms
-437000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4035000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
317000000 USD
car Proceeds From Long Term Borrowings
ProceedsFromLongTermBorrowings
1100000000 USD
car Proceeds From Long Term Borrowings
ProceedsFromLongTermBorrowings
669000000 USD
car Principal Payments On Long Term Borrowings
PrincipalPaymentsOnLongTermBorrowings
1105000000 USD
car Principal Payments On Long Term Borrowings
PrincipalPaymentsOnLongTermBorrowings
198000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
118000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
17000000 USD
car Net Cash Provided By Used In Financing Activities Exclusive Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesExclusiveOfVehiclePrograms
-39000000 USD
car Net Cash Provided By Used In Financing Activities Exclusive Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesExclusiveOfVehiclePrograms
351000000 USD
car Proceeds From Borrowings From Financing Activities Within Vehicle Programs
ProceedsFromBorrowingsFromFinancingActivitiesWithinVehiclePrograms
8200000000 USD
car Proceeds From Borrowings From Financing Activities Within Vehicle Programs
ProceedsFromBorrowingsFromFinancingActivitiesWithinVehiclePrograms
9042000000 USD
car Principal Payments On Borrowings From Financing Activities Within Vehicle Programs
PrincipalPaymentsOnBorrowingsFromFinancingActivitiesWithinVehiclePrograms
4718000000 USD
car Principal Payments On Borrowings From Financing Activities Within Vehicle Programs
PrincipalPaymentsOnBorrowingsFromFinancingActivitiesWithinVehiclePrograms
9610000000 USD
car Vehicle Programs Payments Of Financing Costs
VehicleProgramsPaymentsOfFinancingCosts
13000000 USD
car Vehicle Programs Payments Of Financing Costs
VehicleProgramsPaymentsOfFinancingCosts
7000000 USD
car Net Cash Provided By Used In Financing Activities Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesOfVehiclePrograms
3469000000 USD
car Net Cash Provided By Used In Financing Activities Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesOfVehiclePrograms
-575000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3430000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-224000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-4000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-4000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
646000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
439000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
765000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
900000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1411000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1339000000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-316000000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
400000000 USD
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8000000 shares
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
92000000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
292000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-448000000 USD
CY2020Q2 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
2000000 USD
car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
-6000000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
5000000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-153000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-155000000 USD
us-gaap Net Income Loss
NetIncomeLoss
228000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
254000000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10000000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
92000000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
656000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-705000000 USD
us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
2000000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-3000000 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
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-153000000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1324000000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1258000000 USD
CY2021Q2 car Program Cash
ProgramCash
84000000 USD
CY2020Q2 car Program Cash
ProgramCash
79000000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3000000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1411000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1339000000 USD
car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
-6000000 USD
CY2021Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
66000000 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
63000000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
2000000 USD
CY2021Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
2000000 USD
CY2020Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
1000000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
1000000 USD
CY2021Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
8000000 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
8000000 USD
CY2021Q2 us-gaap Revenues
Revenues
2371000000 USD
CY2020Q2 us-gaap Revenues
Revenues
760000000 USD
us-gaap Revenues
Revenues
3743000000 USD
CY2021Q2 car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
-3000000 USD
CY2020Q2 car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
30000000 USD
us-gaap Revenues
Revenues
2513000000 USD
CY2021Q2 us-gaap Revenues
Revenues
2371000000 USD
CY2020Q2 us-gaap Revenues
Revenues
760000000 USD
us-gaap Revenues
Revenues
3743000000 USD
us-gaap Revenues
Revenues
2513000000 USD
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2352000000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
738000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3684000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2459000000 USD
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2352000000 USD
car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
16000000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
738000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3684000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2459000000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
134000000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
128000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
273000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
313000000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
112000000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
20000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
166000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
56000000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
246000000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
148000000 USD
us-gaap Lease Cost
LeaseCost
439000000 USD
us-gaap Lease Cost
LeaseCost
369000000 USD
car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
30000000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2407000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2560000000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
495000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
514000000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1947000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2078000000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2442000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2592000000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M24D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0384
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0386
us-gaap Operating Lease Payments
OperatingLeasePayments
407000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
327000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
269000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
455000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
9000000 USD
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
7000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
9000000 USD
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
7000000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
398000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-639000000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69900000 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-481000000 USD
us-gaap Net Income Loss
NetIncomeLoss
228000000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71300000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70600000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71300000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.69
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.96
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.63
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.96
CY2021Q2 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
263000000 USD
CY2020Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
147000000 USD
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
248000000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
161000000 USD
CY2021Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
104000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
148000000 USD
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
615000000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
456000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
593000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
407000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
186000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
602000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
380000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
222000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
34000000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
1127000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1137000000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14000000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
26000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
26000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
23000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
16000000 USD
CY2021Q2 car Rental Vehicles
RentalVehicles
13164000000 USD
CY2020Q4 car Rental Vehicles
RentalVehicles
9210000000 USD
CY2021Q2 car Accumulated Depreciation
AccumulatedDepreciation
1528000000 USD
CY2020Q4 car Accumulated Depreciation
AccumulatedDepreciation
1337000000 USD
CY2021Q2 car Rental Vehicles Net
RentalVehiclesNet
11636000000 USD
CY2020Q4 car Rental Vehicles Net
RentalVehiclesNet
7873000000 USD
CY2021Q2 car Vehicle Depreciation Expense
VehicleDepreciationExpense
336000000 USD
CY2021Q2 car Vehicle Depreciation Expense
VehicleDepreciationExpense
336000000 USD
CY2021Q2 car Vehicles Held For Sale
VehiclesHeldForSale
92000000 USD
CY2020Q4 car Vehicles Held For Sale
VehiclesHeldForSale
280000000 USD
CY2021Q2 car Vehicles Net
VehiclesNet
11728000000 USD
CY2020Q4 car Vehicles Net
VehiclesNet
8153000000 USD
CY2020Q2 car Vehicle Depreciation Expense
VehicleDepreciationExpense
334000000 USD
car Vehicle Depreciation Expense
VehicleDepreciationExpense
595000000 USD
car Vehicle Depreciation Expense
VehicleDepreciationExpense
748000000 USD
CY2021Q2 car Vehicle Lease Charges
VehicleLeaseCharges
42000000 USD
CY2021Q2 car Vehicle Lease Charges
VehicleLeaseCharges
42000000 USD
CY2020Q2 car Vehicle Lease Charges
VehicleLeaseCharges
42000000 USD
car Vehicle Lease Charges
VehicleLeaseCharges
86000000 USD
car Vehicle Lease Charges
VehicleLeaseCharges
98000000 USD
CY2021Q2 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
40000000 USD
CY2021Q2 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
40000000 USD
CY2020Q2 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
2000000 USD
car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
89000000 USD
car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
13000000 USD
CY2021Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
338000000 USD
CY2020Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
374000000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
592000000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
833000000 USD
CY2021Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
485000000 USD
CY2020Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
150000000 USD
CY2021Q2 us-gaap Other Receivables
OtherReceivables
104000000 USD
CY2020Q2 us-gaap Other Receivables
OtherReceivables
419000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.034
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.269
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
495000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
514000000 USD
CY2021Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
446000000 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
394000000 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
335000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
70000000 USD
CY2021Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
260000000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
215000000 USD
CY2021Q2 car Accrued Advertising And Marketing Costs Current
AccruedAdvertisingAndMarketingCostsCurrent
182000000 USD
CY2020Q4 car Accrued Advertising And Marketing Costs Current
AccruedAdvertisingAndMarketingCostsCurrent
122000000 USD
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
175000000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
117000000 USD
CY2021Q2 car Public Liability And Property Damage Insurance Liabilities Current
PublicLiabilityAndPropertyDamageInsuranceLiabilitiesCurrent
167000000 USD
CY2020Q4 car Public Liability And Property Damage Insurance Liabilities Current
PublicLiabilityAndPropertyDamageInsuranceLiabilitiesCurrent
162000000 USD
CY2021Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
386000000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
440000000 USD
CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2446000000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2034000000 USD
CY2021Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
23000000 USD
CY2020Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
24000000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
46000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
48000000 USD
CY2021Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
4298000000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
4210000000 USD
CY2021Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
21000000 USD
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
19000000 USD
CY2021Q2 us-gaap Secured Long Term Debt
SecuredLongTermDebt
4277000000 USD
CY2020Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
4191000000 USD
CY2021Q2 car Vehicle Program Outstanding Debt
VehicleProgramOutstandingDebt
10408000000 USD
CY2020Q4 car Vehicle Program Outstanding Debt
VehicleProgramOutstandingDebt
6857000000 USD
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
13896000000 USD
CY2021Q2 us-gaap Line Of Credit
LineOfCredit
10457000000 USD
CY2021Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
3439000000 USD
CY2017Q1 car Number Of Cases Brought By Plaintiffs
NumberOfCasesBroughtByPlaintiffs
2 case
CY2021Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
12000000 USD
CY2021Q2 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
35000000 USD
CY2021Q2 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
RecordedUnconditionalPurchaseObligationDueWithinOneYear
5700000000 USD
car Long Term Purchase Commitment Period Decrease
LongTermPurchaseCommitmentPeriodDecrease
3000000000.0 USD
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2100000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
100000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10000000 USD
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
391000000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
398000000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-481000000 USD
us-gaap Net Income Loss
NetIncomeLoss
228000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-639000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
3000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
4000000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
-9000000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
0 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
15000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
39000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-44000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
-10000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
3000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
-7000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
9000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-14000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-8000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
21000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-26000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
0 USD
CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
0 USD
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-1000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-2000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-4000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-4000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
33000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
26000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-66000000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
400000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-448000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
254000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-705000000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-71000000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
5000000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
21000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
26000000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
5000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-66000000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10000000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7000000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
2000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2000000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
10000000 USD
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1000000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
816000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
13000000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
18000000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
40000000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M24D
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-21000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
9000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
50000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
3000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
80000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-22000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-28000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
37000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-10000000 USD
CY2021Q2 us-gaap Revenues
Revenues
2371000000 USD
CY2021Q2 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
624000000 USD
CY2020Q2 us-gaap Revenues
Revenues
760000000 USD
CY2020Q2 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
-382000000 USD
CY2021Q2 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
624000000 USD
CY2020Q2 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
-382000000 USD
CY2021Q2 car Non Vehicle Related Depreciation And Amortization Total
NonVehicleRelatedDepreciationAndAmortizationTotal
67000000 USD
CY2020Q2 car Non Vehicle Related Depreciation And Amortization Total
NonVehicleRelatedDepreciationAndAmortizationTotal
71000000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
59000000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
51000000 USD
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3000000 USD
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
22000000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
28000000 USD
CY2021Q2 car Transactionrelatedcostsnet
Transactionrelatedcostsnet
1000000 USD
CY2020Q2 car Transactionrelatedcostsnet
Transactionrelatedcostsnet
1000000 USD
CY2021Q2 car Unusual Or Infrequent Items Or Both Covid Charges
UnusualOrInfrequentItemsOrBothCovidCharges
0 USD
CY2020Q2 car Unusual Or Infrequent Items Or Both Covid Charges
UnusualOrInfrequentItemsOrBothCovidCharges
73000000 USD
CY2021Q2 car Unprecedented Personal Injury And Other Legal Matters Net
UnprecedentedPersonalInjuryAndOtherLegalMattersNet
11000000 USD
CY2020Q2 car Unprecedented Personal Injury And Other Legal Matters Net
UnprecedentedPersonalInjuryAndOtherLegalMattersNet
0 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
486000000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-609000000 USD
CY2021Q2 car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
-3000000 USD
CY2020Q2 car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
30000000 USD
CY2021Q2 car Unusual Or Infrequent Item Or Both Vehicles Damaged In Overflow Parking Lots Net Of Insurance Proceeds
UnusualOrInfrequentItemOrBothVehiclesDamagedInOverflowParkingLotsNetOfInsuranceProceeds
2000000 USD
CY2020Q2 car Unusual Or Infrequent Item Or Both Vehicles Damaged In Overflow Parking Lots Net Of Insurance Proceeds
UnusualOrInfrequentItemOrBothVehiclesDamagedInOverflowParkingLotsNetOfInsuranceProceeds
28000000 USD
CY2021Q2 car Unusual Or Infrequent Item Or Both Incremental Cleaning Supplies
UnusualOrInfrequentItemOrBothIncrementalCleaningSupplies
0 USD
CY2020Q2 car Unusual Or Infrequent Item Or Both Incremental Cleaning Supplies
UnusualOrInfrequentItemOrBothIncrementalCleaningSupplies
15000000 USD
CY2021Q2 us-gaap Supplies Expense
SuppliesExpense
1000000 USD
CY2020Q2 us-gaap Supplies Expense
SuppliesExpense
0 USD
us-gaap Revenues
Revenues
3743000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
671000000 USD
us-gaap Revenues
Revenues
2513000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
-469000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
671000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
-469000000 USD
car Non Vehicle Related Depreciation And Amortization Total
NonVehicleRelatedDepreciationAndAmortizationTotal
135000000 USD
car Non Vehicle Related Depreciation And Amortization Total
NonVehicleRelatedDepreciationAndAmortizationTotal
140000000 USD
us-gaap Interest Expense
InterestExpense
120000000 USD
us-gaap Interest Expense
InterestExpense
99000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-129000000 USD
us-gaap Restructuring Charges
RestructuringCharges
72000000 USD
car Unusual Or Infrequent Items Or Both Covid Charges
UnusualOrInfrequentItemsOrBothCovidCharges
18000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-7000000 USD
us-gaap Restructuring Charges
RestructuringCharges
42000000 USD
car Unusual Or Infrequent Items Or Both Covid Charges
UnusualOrInfrequentItemsOrBothCovidCharges
80000000 USD
car Transactionrelatedcostsnet
Transactionrelatedcostsnet
2000000 USD
car Transactionrelatedcostsnet
Transactionrelatedcostsnet
3000000 USD
car Nonoperationalchargesrelatedtoshareholderactivistactivity
Nonoperationalchargesrelatedtoshareholderactivistactivity
0 USD
car Nonoperationalchargesrelatedtoshareholderactivistactivity
Nonoperationalchargesrelatedtoshareholderactivistactivity
4000000 USD
car Unprecedented Personal Injury And Other Legal Matters Net
UnprecedentedPersonalInjuryAndOtherLegalMattersNet
11000000 USD
CY2020Q2 car Unprecedented Personal Injury And Other Legal Matters Net
UnprecedentedPersonalInjuryAndOtherLegalMattersNet
0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
236000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-874000000 USD
car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
16000000 USD
car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
30000000 USD
car Unusual Or Infrequent Item Or Both Vehicles Damaged In Overflow Parking Lots Net Of Insurance Proceeds
UnusualOrInfrequentItemOrBothVehiclesDamagedInOverflowParkingLotsNetOfInsuranceProceeds
-4000000 USD
car Unusual Or Infrequent Item Or Both Vehicles Damaged In Overflow Parking Lots Net Of Insurance Proceeds
UnusualOrInfrequentItemOrBothVehiclesDamagedInOverflowParkingLotsNetOfInsuranceProceeds
33000000 USD
car Unusual Or Infrequent Item Or Both Incremental Cleaning Supplies
UnusualOrInfrequentItemOrBothIncrementalCleaningSupplies
0 USD
car Unusual Or Infrequent Item Or Both Incremental Cleaning Supplies
UnusualOrInfrequentItemOrBothIncrementalCleaningSupplies
17000000 USD
us-gaap Supplies Expense
SuppliesExpense
6000000 USD
us-gaap Supplies Expense
SuppliesExpense
0 USD

Files In Submission

Name View Source Status
0000723612-21-000049-index-headers.html Edgar Link pending
0000723612-21-000049-index.html Edgar Link pending
0000723612-21-000049.txt Edgar Link pending
0000723612-21-000049-xbrl.zip Edgar Link pending
car-20210630.htm Edgar Link pending
car-20210630.xsd Edgar Link pending
car-20210630_cal.xml Edgar Link unprocessable
car-20210630_def.xml Edgar Link unprocessable
car-20210630_htm.xml Edgar Link completed
car-20210630_lab.xml Edgar Link unprocessable
car-20210630_pre.xml Edgar Link unprocessable
exhibit311-20210630.htm Edgar Link pending
exhibit312-20210630.htm Edgar Link pending
exhibit32-20210630.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending