$CAR
AVIS BUDGET GROUP, INC. Stock $car

$car Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000072361224000045 Filed on August 06, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$3.480B	$3.048B
YoY Change	-2.36%	-2.4%
Cost Of Revenue	$1.575B	$1.532B
YoY Change	2.07%	3.86%
Gross Profit	$1.905B	$1.516B
YoY Change	-5.74%	-8.01%
Gross Profit Margin	54.74%	49.74%
Selling, General & Admin	$367.0M	$348.0M
YoY Change	-7.56%	-16.75%
% of Gross Profit	19.27%	22.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$864.0M	$791.0M
YoY Change	29.15%	33.61%
% of Gross Profit	45.35%	52.18%
Operating Expenses	$367.0M	$348.0M
YoY Change	-7.56%	-65.68%
Operating Profit	$1.538B	$1.168B
YoY Change	-5.3%	84.23%
Interest Expense	$95.00M	$88.00M
YoY Change	18.75%	-136.67%
% of Operating Profit	6.18%	7.53%
Other Income/Expense, Net
YoY Change
Pretax Income	$329.0M	$27.00M
YoY Change	-56.54%	-95.48%
Income Tax	$91.00M	$12.00M
% Of Pretax Income	27.66%	44.44%
Net Earnings	$237.0M	$14.00M
YoY Change	-62.14%	-96.78%
Net Earnings / Revenue	6.81%	0.46%
Basic Earnings Per Share	$6.67	$0.41
Diluted Earnings Per Share	$6.65	$0.41
COMMON SHARES
Basic Shares Outstanding	35.66M shares	35.65M shares
Diluted Shares Outstanding	35.70M shares	35.70M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$602.0M	$511.0M
YoY Change	5.24%	-10.51%
Cash & Equivalents	$602.0M	$511.0M
Short-Term Investments
Other Short-Term Assets	$800.0M	$887.0M
YoY Change	8.7%	15.95%
Inventory
Prepaid Expenses	$266.0M	$264.0M
Receivables	$917.0M	$1.062B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$2.319B	$2.460B
YoY Change	4.18%	10.17%
LONG-TERM ASSETS
Property, Plant & Equipment	$700.0M	$704.0M
YoY Change	8.19%	-97.04%
Goodwill	$1.109B	$1.087B
YoY Change	2.59%	0.46%
Intangibles	$647.0M	$650.0M
YoY Change	-1.67%	-2.84%
Long-Term Investments	$1.283B	$1.199B
YoY Change	9.47%	4.44%
Other Assets	$421.0M	$445.0M
YoY Change	-11.37%	-78.25%
Total Long-Term Assets	$30.43B	$31.42B
YoY Change	1.17%	7.75%
TOTAL ASSETS
Total Short-Term Assets	$2.319B	$2.460B
Total Long-Term Assets	$30.43B	$31.42B
Total Assets	$32.75B	$33.88B
YoY Change	1.38%	7.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$516.0M	$555.0M
YoY Change	0.39%	-3.14%
Accrued Expenses	$1.403B	$1.311B
YoY Change	5.01%	5.22%
Deferred Revenue	$201.0M	$311.0M
YoY Change	-11.84%	-14.09%
Short-Term Debt	$540.0M	$28.00M
YoY Change	1700.0%
Long-Term Debt Due	$540.0M	$28.00M
YoY Change	1700.0%	-17.65%
Total Short-Term Liabilities	$3.326B	$2.866B
YoY Change	20.38%	0.77%
LONG-TERM LIABILITIES
Long-Term Debt	$5.465B	$5.233B
YoY Change	15.39%	-76.68%
Other Long-Term Liabilities	$509.0M	$505.0M
YoY Change	-2.12%	-84.4%
Total Long-Term Liabilities	$5.974B	$5.738B
YoY Change	13.66%	-77.65%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.326B	$2.866B
Total Long-Term Liabilities	$5.974B	$5.738B
Total Liabilities	$9.300B	$8.604B
YoY Change	15.97%	-72.71%
SHAREHOLDERS EQUITY
Retained Earnings	$3.988B	$3.751B
YoY Change	0.91%	12.78%
Common Stock	$1.000M	$1.000M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$238.0M	-$490.0M
YoY Change
Total Liabilities & Shareholders Equity	$32.75B	$33.88B
YoY Change	1.38%	7.92%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$237.0M	$14.00M
YoY Change	-62.14%	-96.78%
Depreciation, Depletion And Amortization	$864.0M	$791.0M
YoY Change	29.15%	33.61%
Cash From Operating Activities	$1.273B	$884.0M
YoY Change	1.6%	-8.2%
INVESTING ACTIVITIES
Capital Expenditures	$1.295B	$2.859B
YoY Change	-65.95%	-43.52%
Acquisitions
YoY Change
Other Investing Activities	$1.154B	$1.822B
YoY Change	-44.71%	19.4%
Cash From Investing Activities	-$141.0M	-$1.037B
YoY Change	-91.78%	-70.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.079B	139.0M
YoY Change	-310.74%	-94.7%
NET CHANGE
Cash From Operating Activities	1.273B	884.0M
Cash From Investing Activities	-141.0M	-1.037B
Cash From Financing Activities	-1.079B	139.0M
Net Change In Cash	53.00M	-14.00M
YoY Change	8.16%	-126.92%
FREE CASH FLOW
Cash From Operating Activities	$1.273B	$884.0M
Capital Expenditures	$1.295B	$2.859B
Free Cash Flow	-$22.00M	-$1.975B
YoY Change	-99.14%	-51.82%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-441000000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	436000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	21000000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	457000000	usd
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
	us-gaap	Net Income Loss NetIncomeLoss	747000000	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39000000.0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	500000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35600000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39500000	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.80
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	19.16
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.80
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	18.93
CY2024Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	264000000	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	239000000	usd
CY2024Q2	car	Vehicle Program Outstanding Debt VehicleProgramOutstandingDebt	19534000000	usd
CY2023Q4	car	Vehicle Program Outstanding Debt VehicleProgramOutstandingDebt	18937000000	usd
CY2024Q2	car	Adjusted Earnings Before Income Depreciation And Amortization AdjustedEarningsBeforeIncomeDepreciationAndAmortization	214000000	usd
	car	Unprecedented Personal Injury And Other Legal Matters Net UnprecedentedPersonalInjuryAndOtherLegalMattersNet	7000000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-115000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent
CY2024Q2	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent
CY2024Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
	car	Net Cash Used In Investing Activities Exclusive Of Vehicle Programs NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms	-99000000	usd
	car	Net Cash Used In Investing Activities Exclusive Of Vehicle Programs NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms	-138000000	usd
	car	Investment In Vehicles InvestmentInVehicles	6895000000	usd
	car	Investment In Vehicles InvestmentInVehicles	8881000000	usd
	car	Proceeds Received On Disposition Of Vehicles ProceedsReceivedOnDispositionOfVehicles	4427000000	usd
	car	Proceeds Received On Disposition Of Vehicles ProceedsReceivedOnDispositionOfVehicles	3977000000	usd
	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	373000000	usd
	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	329000000	usd
	us-gaap	Proceeds From Collection Of Advance To Affiliate ProceedsFromCollectionOfAdvanceToAffiliate	385000000	usd
	us-gaap	Proceeds From Collection Of Advance To Affiliate ProceedsFromCollectionOfAdvanceToAffiliate	157000000	usd
	car	Net Cash Used In Investing Activities Of Vehicle Programs NetCashUsedInInvestingActivitiesOfVehiclePrograms	2456000000	usd
	car	Net Cash Used In Investing Activities Of Vehicle Programs NetCashUsedInInvestingActivitiesOfVehiclePrograms	5076000000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2555000000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5214000000	usd
	car	Proceeds From Long Term Borrowings ProceedsFromLongTermBorrowings	869000000	usd
	car	Proceeds From Long Term Borrowings ProceedsFromLongTermBorrowings	0	usd
	car	Principal Payments On Long Term Borrowings PrincipalPaymentsOnLongTermBorrowings	390000000	usd
	car	Principal Payments On Long Term Borrowings PrincipalPaymentsOnLongTermBorrowings	15000000	usd
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	0	usd
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	3000000	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	6000000	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-482000000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	5000000	usd
CY2023Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	146000000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-125000000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-343000000	usd
	us-gaap	Profit Loss ProfitLoss	-98000000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-39000000	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-137000000	usd
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	-2000000	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-482000000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-700000000	usd
	us-gaap	Profit Loss ProfitLoss	748000000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	11000000	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	759000000	usd
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	-38000000	usd
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	146000000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-125000000	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	511000000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	571000000	usd
CY2024Q2	car	Program Cash ProgramCash	68000000	usd
CY2023Q2	car	Program Cash ProgramCash	109000000	usd
CY2024Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	4000000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	2000000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	583000000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	682000000	usd
CY2024Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	98000000	usd
CY2023Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	93000000	usd
CY2024Q2	us-gaap	Equity Method Investment Other Than Temporary Impairment EquityMethodInvestmentOtherThanTemporaryImpairment	3000000	usd
CY2023Q2	us-gaap	Equity Method Investment Other Than Temporary Impairment EquityMethodInvestmentOtherThanTemporaryImpairment	3000000	usd
	us-gaap	Equity Method Investment Other Than Temporary Impairment EquityMethodInvestmentOtherThanTemporaryImpairment	6000000	usd
	us-gaap	Equity Method Investment Other Than Temporary Impairment EquityMethodInvestmentOtherThanTemporaryImpairment	4000000	usd
CY2024Q2	us-gaap	Revenues Revenues	3048000000	usd
CY2023Q2	us-gaap	Revenues Revenues	3123000000	usd
	us-gaap	Revenues Revenues	5599000000	usd
	us-gaap	Revenues Revenues	5680000000	usd
CY2024Q2	us-gaap	Revenues Revenues	3048000000	usd
CY2023Q2	us-gaap	Revenues Revenues	3123000000	usd
	us-gaap	Revenues Revenues	5599000000	usd
	us-gaap	Revenues Revenues	5680000000	usd
CY2024Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	2994000000	usd
CY2023Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	3081000000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	5503000000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	5594000000	usd
CY2024Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	2994000000	usd
CY2023Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	3081000000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	5503000000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	5594000000	usd
CY2024Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	233000000	usd
CY2023Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	214000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	462000000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	419000000	usd
CY2024Q2	us-gaap	Variable Lease Cost VariableLeaseCost	93000000	usd
CY2023Q2	us-gaap	Variable Lease Cost VariableLeaseCost	108000000	usd
	us-gaap	Variable Lease Cost VariableLeaseCost	162000000	usd
	us-gaap	Variable Lease Cost VariableLeaseCost	191000000	usd
CY2024Q2	us-gaap	Lease Cost LeaseCost	326000000	usd
CY2023Q2	us-gaap	Lease Cost LeaseCost	322000000	usd
	us-gaap	Lease Cost LeaseCost	624000000	usd
	us-gaap	Lease Cost LeaseCost	610000000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2754000000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2654000000	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	567000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	576000000	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2234000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2117000000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	2801000000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	2693000000	usd
CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y9M18D
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P8Y1M6D
CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0492
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0483
	us-gaap	Operating Lease Payments OperatingLeasePayments	452000000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	431000000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	572000000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	572000000	usd
CY2023Q4	us-gaap	Restructuring Reserve RestructuringReserve	4000000	usd
CY2024Q2	us-gaap	Restructuring Reserve RestructuringReserve	13000000	usd
CY2023Q4	us-gaap	Restructuring Reserve RestructuringReserve	4000000	usd
CY2024Q2	us-gaap	Restructuring Reserve RestructuringReserve	13000000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	14000000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	435000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-100000000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35600000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39100000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35600000	shares
CY2024Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	100000	shares
CY2023Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	400000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35700000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39500000	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.41
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	11.13
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.41
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	11.01
CY2024Q2	us-gaap	Value Added Tax Receivable Current ValueAddedTaxReceivableCurrent	377000000	usd
CY2023Q4	us-gaap	Value Added Tax Receivable Current ValueAddedTaxReceivableCurrent	192000000	usd
CY2024Q2	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	246000000	usd
CY2023Q4	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	253000000	usd
CY2024Q2	us-gaap	Other Assets Current OtherAssetsCurrent	887000000	usd
CY2023Q4	us-gaap	Other Assets Current OtherAssetsCurrent	684000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	614000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	508000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	106000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	625000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	501000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	124000000	usd
CY2024Q2	us-gaap	Goodwill Goodwill	1087000000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	1099000000	usd
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7000000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	15000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	14000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	14000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	22000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	21000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	16000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	9000000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	7000000	usd
CY2024Q2	car	Rental Vehicles RentalVehicles	24665000000	usd
CY2023Q4	car	Rental Vehicles RentalVehicles	23114000000	usd
CY2024Q2	car	Accumulated Depreciation AccumulatedDepreciation	2703000000	usd
CY2023Q4	car	Accumulated Depreciation AccumulatedDepreciation	2639000000	usd
CY2024Q2	car	Rental Vehicles Net RentalVehiclesNet	21962000000	usd
CY2023Q4	car	Rental Vehicles Net RentalVehiclesNet	20475000000	usd
CY2024Q2	car	Vehicles Held For Sale VehiclesHeldForSale	432000000	usd
CY2023Q4	car	Vehicles Held For Sale VehiclesHeldForSale	734000000	usd
CY2024Q2	car	Vehicle Net Investment In Lease Receivables VehicleNetInvestmentInLeaseReceivables	80000000	usd
CY2023Q4	car	Vehicle Net Investment In Lease Receivables VehicleNetInvestmentInLeaseReceivables	31000000	usd
CY2024Q2	car	Vehicles Net VehiclesNet	22474000000	usd
CY2023Q4	car	Vehicles Net VehiclesNet	21240000000	usd
CY2024Q2	car	Vehicle Depreciation Expense VehicleDepreciationExpense	655000000	usd
CY2023Q2	car	Vehicle Depreciation Expense VehicleDepreciationExpense	540000000	usd
	car	Vehicle Depreciation Expense VehicleDepreciationExpense	1217000000	usd
	car	Vehicle Depreciation Expense VehicleDepreciationExpense	1017000000	usd
CY2024Q2	car	Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition	-39000000	usd
CY2023Q2	car	Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition	-40000000	usd
	car	Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition	-74000000	usd
	car	Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition	-78000000	usd
CY2024Q2	car	Vehicle Lease Charges Income VehicleLeaseChargesIncome	39000000	usd
CY2023Q2	car	Vehicle Lease Charges Income VehicleLeaseChargesIncome	-205000000	usd
	car	Vehicle Lease Charges Income VehicleLeaseChargesIncome	78000000	usd
	car	Vehicle Lease Charges Income VehicleLeaseChargesIncome	-455000000	usd
CY2024Q2	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	733000000	usd
CY2023Q2	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	375000000	usd
	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	1369000000	usd
	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	640000000	usd
CY2024Q2	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	573000000	usd
CY2023Q2	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	443000000	usd
CY2024Q2	us-gaap	Other Receivables OtherReceivables	138000000	usd
CY2023Q2	us-gaap	Other Receivables OtherReceivables	140000000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.148
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.248
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	567000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	576000000	usd
CY2024Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	555000000	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	487000000	usd
CY2024Q2	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	322000000	usd
CY2023Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	251000000	usd
CY2024Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	311000000	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	168000000	usd
CY2024Q2	car	Accrued Advertising And Marketing Costs Current AccruedAdvertisingAndMarketingCostsCurrent	282000000	usd
CY2023Q4	car	Accrued Advertising And Marketing Costs Current AccruedAdvertisingAndMarketingCostsCurrent	276000000	usd
CY2024Q2	car	Public Liability And Property Damage Insurance Liabilities Current PublicLiabilityAndPropertyDamageInsuranceLiabilitiesCurrent	171000000	usd
CY2023Q4	car	Public Liability And Property Damage Insurance Liabilities Current PublicLiabilityAndPropertyDamageInsuranceLiabilitiesCurrent	181000000	usd
CY2024Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	140000000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	188000000	usd
CY2024Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	490000000	usd
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	500000000	usd
CY2024Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2838000000	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2627000000	usd
CY2024Q2	us-gaap	Other Long Term Debt OtherLongTermDebt	21000000	usd
CY2023Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	30000000	usd
CY2024Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	62000000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	55000000	usd
CY2024Q2	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	5261000000	usd
CY2023Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	4823000000	usd
CY2024Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	28000000	usd
CY2023Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	32000000	usd
CY2024Q2	us-gaap	Secured Long Term Debt SecuredLongTermDebt	5233000000	usd
CY2023Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	4791000000	usd
CY2024Q2	us-gaap	Debt Weighted Average Interest Rate DebtWeightedAverageInterestRate	0.0546
CY2024Q2	us-gaap	Asset Backed Securities At Carrying Value AssetBackedSecuritiesAtCarryingValue	2442000000	usd
CY2024Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	22527000000	usd
CY2024Q2	us-gaap	Line Of Credit LineOfCredit	19626000000	usd
CY2024Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	2901000000	usd
	car	Number Of Class Action NumberOfClassAction	2	classaction
	car	Number Of Class Action Seeking Damages In Connection With Breach Of Contract NumberOfClassActionSeekingDamagesInConnectionWithBreachOfContract	1	classaction
CY2024Q2	us-gaap	Loss Contingency Range Of Possible Loss Portion Not Accrued LossContingencyRangeOfPossibleLossPortionNotAccrued	40000000	usd
CY2024Q2	us-gaap	Recorded Unconditional Purchase Obligation Due Within One Year RecordedUnconditionalPurchaseObligationDueWithinOneYear	1400000000	usd
	us-gaap	Longterm Purchase Commitment Period LongtermPurchaseCommitmentPeriod	P12M
	car	Long Term Purchase Commitment Period Increase Decrease LongTermPurchaseCommitmentPeriodIncreaseDecrease	-5400000000	usd
CY2013Q4	srt	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	8100000000	usd
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0	shares
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	723000	shares
	car	Treasury Stock Value Acquired Cost Method Excluding Excise Taxes TreasuryStockValueAcquiredCostMethodExcludingExciseTaxes	146100000	usd
CY2024Q2	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	802000000	usd
CY2024Q2	us-gaap	Profit Loss ProfitLoss	15000000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	436000000	usd
	us-gaap	Profit Loss ProfitLoss	-98000000	usd
	us-gaap	Profit Loss ProfitLoss	748000000	usd
CY2024Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2000000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	14000000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	435000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-100000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	747000000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-3000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	2000000	usd
	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-8000000	usd
	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	5000000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	7000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	6000000	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-45000000	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	2000000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax	1000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax	-4000000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax	-1000000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax	-2000000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-3000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	14000000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	4000000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	7000000	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
CY2023Q2	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax	0	usd
CY2024Q2	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax	0	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-1000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-1000000	usd
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-2000000	usd
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-2000000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	5000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	21000000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-39000000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	11000000	usd
CY2024Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	19000000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	456000000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-139000000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	758000000	usd
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-30000000	usd
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	9000000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-39000000	usd
	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	15000000	usd
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	4000000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	11000000	usd
CY2024Q2	car	Vehicle Net Investment In Lease Receivables VehicleNetInvestmentInLeaseReceivables	80000000	usd
CY2023Q4	car	Vehicle Net Investment In Lease Receivables VehicleNetInvestmentInLeaseReceivables	31000000	usd
CY2024Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	6000000	usd
CY2024Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	5000000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	8000000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	5000000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	13000000	usd
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	10000000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	16000000	usd
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	11000000	usd
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	306000	shares
CY2024Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	46000000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y7M6D
	us-gaap	Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths	26000000	usd
CY2024Q2	us-gaap	Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral	67000000	usd
CY2024Q2	us-gaap	Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral	45000000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral	74000000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral	78000000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax	-1000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax	0	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax	8000000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax	-23000000	usd
CY2024Q2	car	Earnings Before Income Taxes Depreciation Amortization Threshold Litigation Amount EarningsBeforeIncomeTaxesDepreciationAmortizationThresholdLitigationAmount	5000000	usd
CY2024Q2	us-gaap	Revenues Revenues	3048000000	usd
CY2023Q2	us-gaap	Revenues Revenues	3123000000	usd
CY2023Q2	car	Adjusted Earnings Before Income Depreciation And Amortization AdjustedEarningsBeforeIncomeDepreciationAndAmortization	737000000	usd
CY2024Q2	car	Adjusted Earnings Before Income Depreciation And Amortization AdjustedEarningsBeforeIncomeDepreciationAndAmortization	214000000	usd
CY2023Q2	car	Adjusted Earnings Before Income Depreciation And Amortization AdjustedEarningsBeforeIncomeDepreciationAndAmortization	737000000	usd
CY2024Q2	car	Non Vehicle Related Depreciation And Amortization NonVehicleRelatedDepreciationAndAmortization	58000000	usd
CY2023Q2	car	Non Vehicle Related Depreciation And Amortization NonVehicleRelatedDepreciationAndAmortization	52000000	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	88000000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	68000000	usd
CY2024Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1000000	usd
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2024Q2	us-gaap	Restructuring Charges RestructuringCharges	14000000	usd
CY2023Q2	us-gaap	Restructuring Charges RestructuringCharges	1000000	usd
CY2024Q2	car	Transaction Related Costs Net TransactionRelatedCostsNet	1000000	usd
CY2023Q2	car	Transaction Related Costs Net TransactionRelatedCostsNet	0	usd
CY2024Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-2000000	usd
CY2023Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-4000000	usd
CY2024Q2	car	Unprecedented Personal Injury And Other Legal Matters Net UnprecedentedPersonalInjuryAndOtherLegalMattersNet	12000000	usd
CY2023Q2	car	Unprecedented Personal Injury And Other Legal Matters Net UnprecedentedPersonalInjuryAndOtherLegalMattersNet	5000000	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	27000000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	598000000	usd
	us-gaap	Revenues Revenues	5599000000	usd
	car	Adjusted Earnings Before Income Depreciation And Amortization AdjustedEarningsBeforeIncomeDepreciationAndAmortization	226000000	usd
	us-gaap	Revenues Revenues	5680000000	usd
	car	Adjusted Earnings Before Income Depreciation And Amortization AdjustedEarningsBeforeIncomeDepreciationAndAmortization	1272000000	usd
	car	Adjusted Earnings Before Income Depreciation And Amortization AdjustedEarningsBeforeIncomeDepreciationAndAmortization	226000000	usd
	car	Adjusted Earnings Before Income Depreciation And Amortization AdjustedEarningsBeforeIncomeDepreciationAndAmortization	1272000000	usd
	car	Non Vehicle Related Depreciation And Amortization NonVehicleRelatedDepreciationAndAmortization	119000000	usd
	car	Non Vehicle Related Depreciation And Amortization NonVehicleRelatedDepreciationAndAmortization	108000000	usd
	us-gaap	Interest Expense InterestExpense	171000000	usd
	us-gaap	Interest Expense InterestExpense	141000000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1000000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Restructuring Charges RestructuringCharges	17000000	usd
	us-gaap	Restructuring Charges RestructuringCharges	5000000	usd
	car	Transaction Related Costs Net TransactionRelatedCostsNet	2000000	usd
	car	Transaction Related Costs Net TransactionRelatedCostsNet	0	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-3000000	usd
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-2000000	usd
	car	Unprecedented Personal Injury And Other Legal Matters Net UnprecedentedPersonalInjuryAndOtherLegalMattersNet	5000000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	995000000	usd
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0000723612-24-000045-index-headers.html	Edgar Link	pending
0000723612-24-000045-index.html	Edgar Link	pending
0000723612-24-000045.txt	Edgar Link	pending
0000723612-24-000045-xbrl.zip	Edgar Link	pending
a05-exhibit311xq2f24.htm	Edgar Link	pending
a06-exhibit312xq2f24.htm	Edgar Link	pending
a07-exhibit32xq2f24.htm	Edgar Link	pending
a08-ex101xeighthamendment.htm	Edgar Link	pending
car-20240630.htm	Edgar Link	pending
car-20240630.xsd	Edgar Link	pending
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
car-20240630_lab.xml	Edgar Link	unprocessable
car-20240630_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
car-20240630_htm.xml	Edgar Link	completed
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
R79.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
car-20240630_cal.xml	Edgar Link	unprocessable
car-20240630_def.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$CAR
AVIS BUDGET GROUP, INC. Stock $car

2024 Q3 Form 10-Q Financial Statement

#000072361224000045 Filed on August 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CAR AVIS BUDGET GROUP, INC. Stock $car

2024 Q3 Form 10-Q Financial Statement

#000072361224000045 Filed on August 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CAR
AVIS BUDGET GROUP, INC. Stock $car