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Guarantor and Non-Guarantor Consolidating Financial Statements | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Guarantor and Non-guarantor Consolidating Financial Statements | Guarantor and Non-Guarantor Consolidating Financial Statements The following consolidating financial information presents Consolidating Condensed Statements of Operations for the years ended December 31, 2015, 2014 and 2013, Consolidating Condensed Balance Sheets as of December 31, 2015 and December 31, 2014 and Consolidating Condensed Statements of Cash Flows for the years ended December 31, 2015, 2014 and 2013 for: (i) Avis Budget Group, Inc. (the “Parent”); (ii) ABCR and Avis Budget Finance, Inc. (the “Subsidiary Issuers”); (iii) the guarantor subsidiaries; (iv) the non-guarantor subsidiaries; (v) elimination entries necessary to consolidate the Parent with the Subsidiary Issuers, the guarantor and non-guarantor subsidiaries; and (vi) the Company on a consolidated basis. The Subsidiary Issuers and the guarantor and non-guarantor subsidiaries are 100% owned by the Parent, either directly or indirectly. All guarantees are full and unconditional and joint and several. This financial information is being presented in relation to the Company’s guarantee of the payment of principal, premium (if any) and interest on the notes issued by the Subsidiary Issuers. See Note 12-Long-term Debt and Borrowing Arrangements for additional description of these guaranteed notes. The Senior Notes have separate investors than the equity investors of the Company and are guaranteed by the Parent and certain subsidiaries. Investments in subsidiaries are accounted for using the equity method of accounting for purposes of the consolidating presentation. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions. For purposes of the accompanying Consolidating Condensed Statements of Operations, certain expenses incurred by the Subsidiary Issuers are allocated to the guarantor and non-guarantor subsidiaries. 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 |
For the Year Ended December 31, 2014
|  |  | 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 |
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 |
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 |
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, 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 |
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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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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