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Guarantor and Non-Guarantor Consolidating Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Condensed Income Statement | Consolidating Condensed Statements of Operations For the Year Ended December 31, 2015
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
| Vehicle rental | $ | — |  |  | $ | — |  |  | $ | 4,124 |  |  | $ | 1,902 |  |  | $ | — |  |  | $ | 6,026 |
| Other | — |  |  | — |  |  | 1,181 |  |  | 3,335 |  |  | (2,040 | ) |  | 2,476 |
Net revenues | — |  |  | — |  |  | 5,305 |  |  | 5,237 |  |  | (2,040 | ) |  | 8,502 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 2 |  |  | 17 |  |  | 2,587 |  |  | 1,678 |  |  | — |  |  | 4,284 |
| Vehicle depreciation and lease charges, net | — |  |  | 1 |  |  | 1,819 |  |  | 1,936 |  |  | (1,823 | ) |  | 1,933 |
| Selling, general and administrative | 32 |  |  | 15 |  |  | 619 |  |  | 427 |  |  | — |  |  | 1,093 |
| Vehicle interest, net | — |  |  | — |  |  | 204 |  |  | 302 |  |  | (217 | ) |  | 289 |
| Non-vehicle related depreciation and amortization | — |  |  | 1 |  |  | 133 |  |  | 84 |  |  | — |  |  | 218 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense | — |  |  | 159 |  |  | (5 | ) |  | 40 |  |  | — |  |  | 194 |
|  | Intercompany interest expense (income) | (12 | ) |  | (11 | ) |  | 16 |  |  | 7 |  |  | — |  |  | — |
|  | Early extinguishment of debt | — |  |  | 23 |  |  | — |  |  | — |  |  | — |  |  | 23 |
| Transaction-related costs, net | — |  |  | 22 |  |  | 6 |  |  | 40 |  |  | — |  |  | 68 |
| Restructuring expense | — |  |  | — |  |  | 6 |  |  | 12 |  |  | — |  |  | 18 |
Total expenses | 22 |  |  | 227 |  |  | 5,385 |  |  | 4,526 |  |  | (2,040 | ) |  | 8,120 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (22 | ) |  | (227 | ) |  | (80 | ) |  | 711 |  |  | — |  |  | 382 |
Provision for (benefit from) income taxes | (9 | ) |  | (178 | ) |  | 170 |  |  | 86 |  |  | — |  |  | 69 |
Equity in earnings of subsidiaries | 326 |  |  | 375 |  |  | 625 |  |  | — |  |  | (1,326 | ) |  | — |
Net income | $ | 313 |  |  | $ | 326 |  |  | $ | 375 |  |  | $ | 625 |  |  | $ | (1,326 | ) |  | $ | 313 |
Comprehensive income | $ | 188 |  |  | $ | 203 |  |  | $ | 253 |  |  | $ | 504 |  |  | $ | (960 | ) |  | $ | 188 |
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
| Vehicle rental | $ | — |  |  | $ | — |  |  | $ | 4,038 |  |  | $ | 1,988 |  |  | $ | — |  |  | $ | 6,026 |
| Other | — |  |  | — |  |  | 1,167 |  |  | 3,426 |  |  | (2,134 | ) |  | 2,459 |
Net revenues | — |  |  | — |  |  | 5,205 |  |  | 5,414 |  |  | (2,134 | ) |  | 8,485 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 10 |  |  | 13 |  |  | 2,525 |  |  | 1,703 |  |  | — |  |  | 4,251 |
| Vehicle depreciation and lease charges, net | — |  |  | 1 |  |  | 1,920 |  |  | 1,996 |  |  | (1,921 | ) |  | 1,996 |
| Selling, general and administrative | 27 |  |  | 23 |  |  | 602 |  |  | 428 |  |  | — |  |  | 1,080 |
| Vehicle interest, net | — |  |  | — |  |  | 200 |  |  | 295 |  |  | (213 | ) |  | 282 |
| Non-vehicle related depreciation and amortization | — |  |  | 2 |  |  | 111 |  |  | 67 |  |  | — |  |  | 180 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense | 2 |  |  | 163 |  |  | 2 |  |  | 42 |  |  | — |  |  | 209 |
|  | Intercompany interest expense (income) | (13 | ) |  | (11 | ) |  | 1 |  |  | 23 |  |  | — |  |  | — |
|  | Early extinguishment of debt | — |  |  | 56 |  |  | — |  |  | — |  |  | — |  |  | 56 |
| Restructuring expense | — |  |  | — |  |  | 7 |  |  | 19 |  |  | — |  |  | 26 |
| Transaction-related costs, net | 1 |  |  | 8 |  |  | (20 | ) |  | 24 |  |  | — |  |  | 13 |
Total expenses | 27 |  |  | 255 |  |  | 5,348 |  |  | 4,597 |  |  | (2,134 | ) |  | 8,093 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (27 | ) |  | (255 | ) |  | (143 | ) |  | 817 |  |  | — |  |  | 392 |
Provision for (benefit from) income taxes | (10 | ) |  | (108 | ) |  | 186 |  |  | 79 |  |  | — |  |  | 147 |
Equity in earnings of subsidiaries | 262 |  |  | 409 |  |  | 738 |  |  | — |  |  | (1,409 | ) |  | — |
Net income | $ | 245 |  |  | $ | 262 |  |  | $ | 409 |  |  | $ | 738 |  |  | $ | (1,409 | ) |  | $ | 245 |
Comprehensive income | $ | 106 |  |  | $ | 123 |  |  | $ | 273 |  |  | $ | 624 |  |  | $ | (1,020 | ) |  | $ | 106 |
For the Year Ended December 31, 2013
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
| Vehicle rental | $ | — |  |  | $ | — |  |  | $ | 3,786 |  |  | $ | 1,921 |  |  | $ | — |  |  | $ | 5,707 |
| Other | — |  |  | — |  |  | 1,098 |  |  | 3,086 |  |  | (1,954 | ) |  | 2,230 |
Net revenues | — |  |  | — |  |  | 4,884 |  |  | 5,007 |  |  | (1,954 | ) |  | 7,937 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 7 |  |  | 15 |  |  | 2,425 |  |  | 1,627 |  |  | — |  |  | 4,074 |
| Vehicle depreciation and lease charges, net | — |  |  | — |  |  | 1,776 |  |  | 1,806 |  |  | (1,771 | ) |  | 1,811 |
| Selling, general and administrative | 35 |  |  | 6 |  |  | 591 |  |  | 387 |  |  | — |  |  | 1,019 |
| Vehicle interest, net | — |  |  | — |  |  | 182 |  |  | 265 |  |  | (183 | ) |  | 264 |
| Non-vehicle related depreciation and amortization | — |  |  | 2 |  |  | 97 |  |  | 53 |  |  | — |  |  | 152 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense | 3 |  |  | 196 |  |  | — |  |  | 29 |  |  | — |  |  | 228 |
|  | Intercompany interest expense (income) | (12 | ) |  | (30 | ) |  | 6 |  |  | 36 |  |  | — |  |  | — |
|  | Early extinguishment of debt | 53 |  |  | 94 |  |  | — |  |  | — |  |  | — |  |  | 147 |
| Restructuring expense | — |  |  | — |  |  | 25 |  |  | 36 |  |  | — |  |  | 61 |
| Transaction-related costs, net | 1 |  |  | 24 |  |  | 3 |  |  | 23 |  |  | — |  |  | 51 |
| Impairment | — |  |  | 33 |  |  | — |  |  | — |  |  | — |  |  | 33 |
Total expenses | 87 |  |  | 340 |  |  | 5,105 |  |  | 4,262 |  |  | (1,954 | ) |  | 7,840 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (87 | ) |  | (340 | ) |  | (221 | ) |  | 745 |  |  | — |  |  | 97 |
Provision for (benefit from) income taxes | (14 | ) |  | (124 | ) |  | 156 |  |  | 63 |  |  | — |  |  | 81 |
Equity in earnings of subsidiaries | 89 |  |  | 305 |  |  | 682 |  |  | — |  |  | (1,076 | ) |  | — |
Net income | $ | 16 |  |  | $ | 89 |  |  | $ | 305 |  |  | $ | 682 |  |  | $ | (1,076 | ) |  | $ | 16 |
Comprehensive income | $ | 23 |  |  | $ | 96 |  |  | $ | 310 |  |  | $ | 657 |  |  | $ | (1,063 | ) |  | $ | 23 |
Consolidating Condensed Balance Sheet | As of December 31, 2014
|  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 2 |  |  | $ | 210 |  |  | $ | — |  |  | $ | 412 |  |  | $ | — |  |  | $ | 624 |
| Receivables, net | — |  |  | — |  |  | 177 |  |  | 422 |  |  | — |  |  | 599 |
| Other current assets | 3 |  |  | 86 |  |  | 78 |  |  | 289 |  |  | — |  |  | 456 |
Total current assets | 5 |  |  | 296 |  |  | 255 |  |  | 1,123 |  |  | — |  |  | 1,679 |
Property and equipment, net | — |  |  | 112 |  |  | 325 |  |  | 201 |  |  | — |  |  | 638 |
Deferred income taxes | 19 |  |  | 1,222 |  |  | 240 |  |  | 34 |  |  | (4 | ) |  | 1,511 |
Goodwill | — |  |  | — |  |  | 487 |  |  | 355 |  |  | — |  |  | 842 |
Other intangibles, net | — |  |  | 38 |  |  | 545 |  |  | 303 |  |  | — |  |  | 886 |
Other non-current assets | 104 |  |  | 25 |  |  | 21 |  |  | 78 |  |  | — |  |  | 228 |
Intercompany receivables | 205 |  |  | 344 |  |  | 978 |  |  | 672 |  |  | (2,199 | ) |  | — |
Investment in subsidiaries | 468 |  |  | 3,072 |  |  | 3,316 |  |  | — |  |  | (6,856 | ) |  | — |
Total assets exclusive of assets under vehicle programs | 801 |  |  | 5,109 |  |  | 6,167 |  |  | 2,766 |  |  | (9,059 | ) |  | 5,784 |
Assets under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Program cash | — |  |  | — |  |  | — |  |  | 119 |  |  | — |  |  | 119 |
| Vehicles, net | — |  |  | 7 |  |  | 87 |  |  | 10,121 |  |  | — |  |  | 10,215 |
| Receivables from vehicle manufacturers and other | — |  |  | 1 |  |  | — |  |  | 361 |  |  | — |  |  | 362 |
| Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 362 |  |  | — |  |  | 362 |
|  | — |  |  | 8 |  |  | 87 |  |  | 10,963 |  |  | — |  |  | 11,058 |
Total assets | $ | 801 |  |  | $ | 5,117 |  |  | $ | 6,254 |  |  | $ | 13,729 |  |  | $ | (9,059 | ) |  | $ | 16,842 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| Accounts payable and other current liabilities | $ | 39 |  |  | $ | 200 |  |  | $ | 462 |  |  | $ | 790 |  |  | $ | — |  |  | $ | 1,491 |
| Short-term debt and current portion of long-term debt | — |  |  | 13 |  |  | 4 |  |  | 11 |  |  | — |  |  | 28 |
Total current liabilities | 39 |  |  | 213 |  |  | 466 |  |  | 801 |  |  | — |  |  | 1,519 |
Long-term debt | — |  |  | 2,769 |  |  | 6 |  |  | 550 |  |  | — |  |  | 3,325 |
Other non-current liabilities | 97 |  |  | 100 |  |  | 232 |  |  | 341 |  |  | (4 | ) |  | 766 |
Intercompany payables | — |  |  | 1,558 |  |  | 313 |  |  | 328 |  |  | (2,199 | ) |  | — |
Total liabilities exclusive of liabilities under vehicle programs | 136 |  |  | 4,640 |  |  | 1,017 |  |  | 2,020 |  |  | (2,203 | ) |  | 5,610 |
Liabilities under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Debt | — |  |  | 9 |  |  | 83 |  |  | 1,668 |  |  | — |  |  | 1,760 |
| Due to Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 6,296 |  |  | — |  |  | 6,296 |
| Deferred income taxes | — |  |  | — |  |  | 2,082 |  |  | 185 |  |  | — |  |  | 2,267 |
| Other | — |  |  | — |  |  | — |  |  | 244 |  |  | — |  |  | 244 |
|  | — |  |  | 9 |  |  | 2,165 |  |  | 8,393 |  |  | — |  |  | 10,567 |
Total stockholders’ equity | 665 |  |  | 468 |  |  | 3,072 |  |  | 3,316 |  |  | (6,856 | ) |  | 665 |
Total liabilities and stockholders’ equity | $ | 801 |  |  | $ | 5,117 |  |  | $ | 6,254 |  |  | $ | 13,729 |  |  | $ | (9,059 | ) |  | $ | 16,842 |
onsolidating Condensed Balance Sheets As of December 31, 2015
|  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 4 |  |  | $ | 70 |  |  | $ | — |  |  | $ | 378 |  |  | $ | — |  |  | $ | 452 |
| Receivables, net | — |  |  | — |  |  | 212 |  |  | 456 |  |  | — |  |  | 668 |
| Other current assets | 2 |  |  | 78 |  |  | 83 |  |  | 344 |  |  | — |  |  | 507 |
Total current assets | 6 |  |  | 148 |  |  | 295 |  |  | 1,178 |  |  | — |  |  | 1,627 |
Property and equipment, net | — |  |  | 134 |  |  | 345 |  |  | 202 |  |  | — |  |  | 681 |
Deferred income taxes | 20 |  |  | 1,246 |  |  | 253 |  |  | — |  |  | (31 | ) |  | 1,488 |
Goodwill | — |  |  | — |  |  | 487 |  |  | 486 |  |  | — |  |  | 973 |
Other intangibles, net | — |  |  | 30 |  |  | 525 |  |  | 362 |  |  | — |  |  | 917 |
Other non-current assets | 93 |  |  | 15 |  |  | 17 |  |  | 107 |  |  | — |  |  | 232 |
Intercompany receivables | 160 |  |  | 367 |  |  | 1,070 |  |  | 696 |  |  | (2,293 | ) |  | — |
Investment in subsidiaries | 272 |  |  | 3,426 |  |  | 3,680 |  |  | — |  |  | (7,378 | ) |  | — |
Total assets exclusive of assets under vehicle programs | 551 |  |  | 5,366 |  |  | 6,672 |  |  | 3,031 |  |  | (9,702 | ) |  | 5,918 |
Assets under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Program cash | — |  |  | — |  |  | — |  |  | 258 |  |  | — |  |  | 258 |
| Vehicles, net | — |  |  | 18 |  |  | 78 |  |  | 10,562 |  |  | — |  |  | 10,658 |
| Receivables from vehicle manufacturers and other | — |  |  | — |  |  | — |  |  | 438 |  |  | — |  |  | 438 |
| Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 362 |  |  | — |  |  | 362 |
|  | — |  |  | 18 |  |  | 78 |  |  | 11,620 |  |  | — |  |  | 11,716 |
Total assets | $ | 551 |  |  | $ | 5,384 |  |  | $ | 6,750 |  |  | $ | 14,651 |  |  | $ | (9,702 | ) |  | $ | 17,634 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| Accounts payable and other current liabilities | $ | 24 |  |  | $ | 180 |  |  | $ | 471 |  |  | $ | 810 |  |  | $ | — |  |  | $ | 1,485 |
| Short-term debt and current portion of long-term debt | — |  |  | 14 |  |  | 5 |  |  | 7 |  |  | — |  |  | 26 |
Total current liabilities | 24 |  |  | 194 |  |  | 476 |  |  | 817 |  |  | — |  |  | 1,511 |
Long-term debt | — |  |  | 2,932 |  |  | 2 |  |  | 501 |  |  | — |  |  | 3,435 |
Other non-current liabilities | 88 |  |  | 85 |  |  | 237 |  |  | 355 |  |  | (31 | ) |  | 734 |
Intercompany payables | — |  |  | 1,897 |  |  | 336 |  |  | 60 |  |  | (2,293 | ) |  | — |
Total liabilities exclusive of liabilities under vehicle programs | 112 |  |  | 5,108 |  |  | 1,051 |  |  | 1,733 |  |  | (2,324 | ) |  | 5,680 |
Liabilities under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Debt | — |  |  | 4 |  |  | 74 |  |  | 1,986 |  |  | — |  |  | 2,064 |
| Due to Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 6,796 |  |  | — |  |  | 6,796 |
| Deferred income taxes | — |  |  | — |  |  | 2,199 |  |  | 168 |  |  | — |  |  | 2,367 |
| Other | — |  |  | — |  |  | — |  |  | 288 |  |  | — |  |  | 288 |
|  | — |  |  | 4 |  |  | 2,273 |  |  | 9,238 |  |  | — |  |  | 11,515 |
Total stockholders’ equity | 439 |  |  | 272 |  |  | 3,426 |  |  | 3,680 |  |  | (7,378 | ) |  | 439 |
Total liabilities and stockholders’ equity | $ | 551 |  |  | $ | 5,384 |  |  | $ | 6,750 |  |  | $ | 14,651 |  |  | $ | (9,702 | ) |  | $ | 17,634 |
Consolidating Condensed Cash Flow Statement | For the Year Ended December 31, 2014
| Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net cash provided by (used in) operating activities | $ | — |  |  | $ | 469 |  |  | $ | 340 |  |  | $ | 1,840 |  |  | $ | (70 | ) |  | $ | 2,579 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions | — |  |  | (20 | ) |  | (84 | ) |  | (78 | ) |  | — |  |  | (182 | )
Proceeds received on asset sales | — |  |  | 7 |  |  | 8 |  |  | 6 |  |  | — |  |  | 21 |
Net assets acquired (net of cash acquired) | — |  |  | — |  |  | (263 | ) |  | (153 | ) |  | — |  |  | (416 | )
Other, net | 285 |  |  | (9 | ) |  | (2 | ) |  | — |  |  | (285 | ) |  | (11 | )
Net cash provided by (used in) investing activities exclusive of vehicle programs | 285 |  |  | (22 | ) |  | (341 | ) |  | (225 | ) |  | (285 | ) |  | (588 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Increase in program cash | — |  |  | — |  |  | — |  |  | (10 | ) |  | — |  |  | (10 | )
Investment in vehicles | — |  |  | (9 | ) |  | (90 | ) |  | (11,776 | ) |  | — |  |  | (11,875 | )
Proceeds received on disposition of vehicles | — |  |  | 8 |  |  | — |  |  | 9,658 |  |  | — |  |  | 9,666 |
| — |  |  | (1 | ) |  | (90 | ) |  | (2,128 | ) |  | — |  |  | (2,219 | )
Net cash provided by (used in) investing activities | 285 |  |  | (23 | ) |  | (431 | ) |  | (2,353 | ) |  | (285 | ) |  | (2,807 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | 575 |  |  | — |  |  | 296 |  |  | — |  |  | 871 |
Payments on long-term borrowings | — |  |  | (756 | ) |  | (5 | ) |  | (1 | ) |  | — |  |  | (762 | )
Net change in short-term borrowings | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Debt financing fees | — |  |  | (12 | ) |  | — |  |  | (5 | ) |  | — |  |  | (17 | )
Repurchases of common stock | (297 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (297 | )
Other, net | — |  |  | (285 | ) |  | — |  |  | (70 | ) |  | 355 |  |  | — |
Net cash provided by (used in) financing activities exclusive of vehicle programs | (297 | ) |  | (478 | ) |  | (5 | ) |  | 225 |  |  | 355 |  |  | (200 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | 88 |  |  | 14,285 |  |  | — |  |  | 14,373 |
Payments on borrowings | — |  |  | — |  |  | (3 | ) |  | (13,960 | ) |  | — |  |  | (13,963 | )
Debt financing fees | — |  |  | — |  |  | (1 | ) |  | (27 | ) |  | — |  |  | (28 | )
| — |  |  | — |  |  | 84 |  |  | 298 |  |  | — |  |  | 382 |
Net cash provided by (used in) financing activities | (297 | ) |  | (478 | ) |  | 79 |  |  | 523 |  |  | 355 |  |  | 182 |
Effect of changes in exchange rates on cash and cash equivalents | — |  |  | — |  |  | — |  |  | (23 | ) |  | — |  |  | (23 | )
Net decrease in cash and cash equivalents | (12 | ) |  | (32 | ) |  | (12 | ) |  | (13 | ) |  | — |  |  | (69 | )
Cash and cash equivalents, beginning of period | 14 |  |  | 242 |  |  | 12 |  |  | 425 |  |  | — |  |  | 693 |
Cash and cash equivalents, end of period | $ | 2 |  |  | $ | 210 |  |  | $ | — |  |  | $ | 412 |  |  | $ | — |  |  | $ | 624 |
Consolidating Condensed Statements of Cash Flows For the Year Ended December 31, 2015
| Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net cash provided by (used in) operating activities | $ | 60 |  |  | $ | 249 |  |  | $ | 146 |  |  | $ | 2,204 |  |  | $ | (75 | ) |  | $ | 2,584 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions | — |  |  | (26 | ) |  | (98 | ) |  | (75 | ) |  | — |  |  | (199 | )
Proceeds received on asset sales | — |  |  | 7 |  |  | 1 |  |  | 7 |  |  | — |  |  | 15 |
Net assets acquired (net of cash acquired) | — |  |  | (8 | ) |  | (9 | ) |  | (239 | ) |  | — |  |  | (256 | )
Intercompany loan receipts (advances) | — |  |  | (30 | ) |  | (96 | ) |  | — |  |  | 126 |  |  | — |
Other, net | 334 |  |  | (127 | ) |  | 1 |  |  | 8 |  |  | (210 | ) |  | 6 |
Net cash provided by (used in) investing activities exclusive of vehicle programs | 334 |  |  | (184 | ) |  | (201 | ) |  | (299 | ) |  | (84 | ) |  | (434 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Increase in program cash | — |  |  | — |  |  | — |  |  | (148 | ) |  | — |  |  | (148 | )
Investment in vehicles | — |  |  | (1 | ) |  | (2 | ) |  | (11,925 | ) |  | — |  |  | (11,928 | )
Proceeds received on disposition of vehicles | — |  |  | 19 |  |  | — |  |  | 9,661 |  |  | — |  |  | 9,680 |
| — |  |  | 18 |  |  | (2 | ) |  | (2,412 | ) |  | — |  |  | (2,396 | )
Net cash provided by (used in) investing activities | 334 |  |  | (166 | ) |  | (203 | ) |  | (2,711 | ) |  | (84 | ) |  | (2,830 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | 375 |  |  | — |  |  | 2 |  |  | — |  |  | 377 |
Payments on long-term borrowings | — |  |  | (256 | ) |  | (4 | ) |  | (41 | ) |  | — |  |  | (301 | )
Net change in short-term borrowings | — |  |  | — |  |  | — |  |  | (22 | ) |  | — |  |  | (22 | )
Debt financing fees | — |  |  | (7 | ) |  | — |  |  |  |  |  |  |  |  | (7 | )
Repurchases of common stock | (393 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (393 | )
Intercompany loan borrowings (payments) | — |  |  | — |  |  | — |  |  | 126 |  |  | (126 | ) |  | — |
Other, net | 1 |  |  | (335 | ) |  | 70 |  |  | (28 | ) |  | 285 |  |  | (7 | )
Net cash provided by (used in) financing activities exclusive of vehicle programs | (392 | ) |  | (223 | ) |  | 66 |  |  | 37 |  |  | 159 |  |  | (353 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | — |  |  | 14,138 |  |  | — |  |  | 14,138 |
Payments on borrowings | — |  |  | — |  |  | (9 | ) |  | (13,639 | ) |  | — |  |  | (13,648 | )
Debt financing fees | — |  |  | — |  |  | — |  |  | (22 | ) |  | — |  |  | (22 | )
| — |  |  | — |  |  | (9 | ) |  | 477 |  |  | — |  |  | 468 |
Net cash provided by (used in) financing activities | (392 | ) |  | (223 | ) |  | 57 |  |  | 514 |  |  | 159 |  |  | 115 |
Effect of changes in exchange rates on cash and cash equivalents | — |  |  | — |  |  | — |  |  | (41 | ) |  | — |  |  | (41 | )
Net increase (decrease) in cash and cash equivalents | 2 |  |  | (140 | ) |  | — |  |  | (34 | ) |  | — |  |  | (172 | )
Cash and cash equivalents, beginning of period | 2 |  |  | 210 |  |  | — |  |  | 412 |  |  | — |  |  | 624 |
Cash and cash equivalents, end of period | $ | 4 |  |  | $ | 70 |  |  | $ | — |  |  | $ | 378 |  |  | $ | — |  |  | $ | 452 |
For the Year Ended December 31, 2013
| Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net cash provided by (used in) operating activities | $ | (3 | ) |  | $ | 562 |  |  | $ | 26 |  |  | $ | 1,736 |  |  | $ | (68 | ) |  | $ | 2,253 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions | — |  |  | (26 | ) |  | (69 | ) |  | (57 | ) |  | — |  |  | (152 | )
Proceeds received on asset sales | — |  |  | 7 |  |  | 4 |  |  | 11 |  |  | — |  |  | 22 |
Net assets acquired (net of cash acquired) | — |  |  | (564 | ) |  | 8 |  |  | 19 |  |  | — |  |  | (537 | )
Intercompany loan receipts (advances) | — |  |  | 233 |  |  | 60 |  |  | — |  |  | (293 | ) |  | — |
Other, net | 146 |  |  | (50 | ) |  | 48 |  |  | 4 |  |  | (146 | ) |  | 2 |
Net cash provided by (used in) investing activities exclusive of vehicle programs | 146 |  |  | (400 | ) |  | 51 |  |  | (23 | ) |  | (439 | ) |  | (665 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Increase in program cash | — |  |  | — |  |  | — |  |  | (79 | ) |  | — |  |  | (79 | )
Investment in vehicles | — |  |  | (44 | ) |  | (2 | ) |  | (10,853 | ) |  | — |  |  | (10,899 | )
Proceeds received on disposition of vehicles | — |  |  | 40 |  |  | — |  |  | 9,369 |  |  | — |  |  | 9,409 |
| — |  |  | (4 | ) |  | (2 | ) |  | (1,563 | ) |  | — |  |  | (1,569 | )
Net cash provided by (used in) investing activities | 146 |  |  | (404 | ) |  | 49 |  |  | (1,586 | ) |  | (439 | ) |  | (2,234 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | 2,647 |  |  | — |  |  | 325 |  |  | — |  |  | 2,972 |
Payments on long-term borrowings | (115 | ) |  | (2,489 | ) |  | (3 | ) |  | (1 | ) |  | — |  |  | (2,608 | )
Net change in short-term borrowings | — |  |  | — |  |  | — |  |  | (36 | ) |  | — |  |  | (36 | )
Debt financing fees | — |  |  | (30 | ) |  | — |  |  | (7 | ) |  | — |  |  | (37 | )
Purchases of warrants | (78 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (78 | )
Proceeds from sale of call options | 104 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 104 |
Repurchases of common stock | (48 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (48 | )
Intercompany loan borrowings (payments) | — |  |  | — |  |  | (60 | ) |  | (233 | ) |  | 293 |  |  | — |
Other, net | 3 |  |  | (146 | ) |  | — |  |  | (68 | ) |  | 214 |  |  | 3 |
Net cash provided by (used in) financing activities exclusive of vehicle programs | (134 | ) |  | (18 | ) |  | (63 | ) |  | (20 | ) |  | 507 |  |  | 272 |
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | — |  |  | 12,953 |  |  | — |  |  | 12,953 |
Payments on borrowings | — |  |  | — |  |  | — |  |  | (13,115 | ) |  | — |  |  | (13,115 | )
Debt financing fees | — |  |  | — |  |  | — |  |  | (34 | ) |  | — |  |  | (34 | )
| — |  |  | — |  |  | — |  |  | (196 | ) |  | — |  |  | (196 | )
Net cash provided by (used in) financing activities | (134 | ) |  | (18 | ) |  | (63 | ) |  | (216 | ) |  | 507 |  |  | 76 |
Effect of changes in exchange rates on cash and cash equivalents | — |  |  | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
Net increase (decrease) in cash and cash equivalents | 9 |  |  | 140 |  |  | 12 |  |  | (74 | ) |  | — |  |  | 87 |
Cash and cash equivalents, beginning of period | 5 |  |  | 102 |  |  | — |  |  | 499 |  |  | — |  |  | 606 |
Cash and cash equivalents, end of period | $ | 14 |  |  | $ | 242 |  |  | $ | 12 |  |  | $ | 425 |  |  | $ | — |  |  | $ | 693 |

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