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Guarantor and Non-Guarantor Consolidating Condensed Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Condensed Statements of Comprehensive Income | Three Months Ended June 30, 2016
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
| Vehicle rental | $ | — |  |  | $ | — |  |  | $ | 1,084 |  |  | $ | 489 |  |  | $ | — |  |  | $ | 1,573 |
| Other | — |  |  | — |  |  | 316 |  |  | 931 |  |  | (577 | ) |  | 670 |
Net revenues | — |  |  | — |  |  | 1,400 |  |  | 1,420 |  |  | (577 | ) |  | 2,243 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 1 |  |  | 1 |  |  | 666 |  |  | 454 |  |  | — |  |  | 1,122 |
| Vehicle depreciation and lease charges, net | — |  |  | — |  |  | 528 |  |  | 529 |  |  | (525 | ) |  | 532 |
| Selling, general and administrative | 9 |  |  | 5 |  |  | 170 |  |  | 128 |  |  | — |  |  | 312 |
| Vehicle interest, net | — |  |  | — |  |  | 49 |  |  | 76 |  |  | (52 | ) |  | 73 |
| Non-vehicle related depreciation and amortization | — |  |  | — |  |  | 40 |  |  | 25 |  |  | — |  |  | 65 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense | — |  |  | 42 |  |  | 1 |  |  | 13 |  |  | — |  |  | 56 |
|  | Intercompany interest expense (income) | (3 | ) |  | (2 | ) |  | 5 |  |  | — |  |  | — |  |  | — |
|  | Early extinguishment of debt | — |  |  | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |
| Restructuring and other related charges | — |  |  | — |  |  | 1 |  |  | 4 |  |  | — |  |  | 5 |
| Transaction-related costs, net | — |  |  | — |  |  | 1 |  |  | 4 |  |  | — |  |  | 5 |
Total expenses | 7 |  |  | 56 |  |  | 1,461 |  |  | 1,233 |  |  | (577 | ) |  | 2,180 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (7 | ) |  | (56 | ) |  | (61 | ) |  | 187 |  |  | — |  |  | 63 |
Provision for (benefit from) income taxes | (3 | ) |  | (22 | ) |  | 37 |  |  | 15 |  |  | — |  |  | 27 |
Equity in earnings of subsidiaries | 40 |  |  | 74 |  |  | 172 |  |  | — |  |  | (286 | ) |  | — |
Net income | $ | 36 |  |  | $ | 40 |  |  | $ | 74 |  |  | $ | 172 |  |  | $ | (286 | ) |  | $ | 36 |
Comprehensive income | $ | 40 |  |  | $ | 44 |  |  | $ | 83 |  |  | $ | 180 |  |  | $ | (307 | ) |  | $ | 40 |
Six Months Ended June 30, 2016
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
| Vehicle rental | $ | — |  |  | $ | — |  |  | $ | 2,013 |  |  | $ | 888 |  |  | $ | — |  |  | $ | 2,901 |
| Other | — |  |  | — |  |  | 587 |  |  | 1,725 |  |  | (1,089 | ) |  | 1,223 |
Net revenues | — |  |  | — |  |  | 2,600 |  |  | 2,613 |  |  | (1,089 | ) |  | 4,124 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 2 |  |  | 11 |  |  | 1,294 |  |  | 855 |  |  | — |  |  | 2,162 |
| Vehicle depreciation and lease charges, net | — |  |  | — |  |  | 989 |  |  | 996 |  |  | (990 | ) |  | 995 |
| Selling, general and administrative | 19 |  |  | 10 |  |  | 319 |  |  | 233 |  |  | — |  |  | 581 |
| Vehicle interest, net | — |  |  | — |  |  | 94 |  |  | 143 |  |  | (99 | ) |  | 138 |
| Non-vehicle related depreciation and amortization | — |  |  | 1 |  |  | 77 |  |  | 48 |  |  | — |  |  | 126 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense | — |  |  | 81 |  |  | 2 |  |  | 23 |  |  | — |  |  | 106 |
|  | Intercompany interest expense (income) | (6 | ) |  | (5 | ) |  | 11 |  |  | — |  |  | — |  |  | — |
|  | Early extinguishment of debt | — |  |  | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |
| Restructuring and other related charges | — |  |  | — |  |  | 7 |  |  | 13 |  |  | — |  |  | 20 |
| Transaction-related costs, net | — |  |  | 1 |  |  | 1 |  |  | 7 |  |  | — |  |  | 9 |
Total expenses | 15 |  |  | 109 |  |  | 2,794 |  |  | 2,318 |  |  | (1,089 | ) |  | 4,147 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (15 | ) |  | (109 | ) |  | (194 | ) |  | 295 |  |  | — |  |  | (23 | )
Provision for (benefit from) income taxes | (6 | ) |  | (43 | ) |  | 32 |  |  | 9 |  |  | — |  |  | (8 | )
Equity in earnings (loss) of subsidiaries | (6 | ) |  | 60 |  |  | 286 |  |  | — |  |  | (340 | ) |  | — |
Net income (loss) | $ | (15 | ) |  | $ | (6 | ) |  | $ | 60 |  |  | $ | 286 |  |  | $ | (340 | ) |  | $ | (15 | )
Comprehensive income | $ | 59 |  |  | $ | 68 |  |  | $ | 141 |  |  | $ | 365 |  |  | $ | (574 | ) |  | $ | 59 |
Three Months Ended June 30, 2017
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
| Vehicle rental | $ | — |  |  | $ | — |  |  | $ | 1,055 |  |  | $ | 508 |  |  | $ | — |  |  | $ | 1,563 |
| Other | — |  |  | — |  |  | 316 |  |  | 1,022 |  |  | (663 | ) |  | 675 |
Net revenues | — |  |  | — |  |  | 1,371 |  |  | 1,530 |  |  | (663 | ) |  | 2,238 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 1 |  |  | 9 |  |  | 644 |  |  | 454 |  |  | — |  |  | 1,108 |
| Vehicle depreciation and lease charges, net | — |  |  | — |  |  | 614 |  |  | 592 |  |  | (609 | ) |  | 597 |
| Selling, general and administrative | 10 |  |  | 2 |  |  | 158 |  |  | 123 |  |  | — |  |  | 293 |
| Vehicle interest, net | — |  |  | — |  |  | 52 |  |  | 75 |  |  | (54 | ) |  | 73 |
| Non-vehicle related depreciation and amortization | — |  |  | 1 |  |  | 40 |  |  | 24 |  |  | — |  |  | 65 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense (income) | — |  |  | 83 |  |  | — |  |  | (35 | ) |  | — |  |  | 48 |
|  | Intercompany interest expense (income) | (3 | ) |  | 5 |  |  | 5 |  |  | (7 | ) |  | — |  |  | — |
|  | Early extinguishment of debt | — |  |  | 1 |  |  | — |  |  | (1 | ) |  | — |  |  | — |
| Restructuring and other related charges | — |  |  | 2 |  |  | 33 |  |  | 3 |  |  | — |  |  | 38 |
| Transaction-related costs, net | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Total expenses | 8 |  |  | 103 |  |  | 1,546 |  |  | 1,233 |  |  | (663 | ) |  | 2,227 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (8 | ) |  | (103 | ) |  | (175 | ) |  | 297 |  |  | — |  |  | 11 |
Provision for (benefit from) income taxes | (2 | ) |  | (39 | ) |  | 11 |  |  | 38 |  |  | — |  |  | 8 |
Equity in earnings of subsidiaries | 9 |  |  | 73 |  |  | 259 |  |  | — |  |  | (341 | ) |  | — |
Net income | $ | 3 |  |  | $ | 9 |  |  | $ | 73 |  |  | $ | 259 |  |  | $ | (341 | ) |  | $ | 3 |
Comprehensive income | $ | 51 |  |  | $ | 58 |  |  | $ | 123 |  |  | $ | 309 |  |  | $ | (490 | ) |  | $ | 51 |
Six Months Ended June 30, 2017
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
| Vehicle rental | $ | — |  |  | $ | — |  |  | $ | 1,941 |  |  | $ | 908 |  |  | $ | — |  |  | $ | 2,849 |
| Other | — |  |  | — |  |  | 583 |  |  | 1,893 |  |  | (1,248 | ) |  | 1,228 |
Net revenues | — |  |  | — |  |  | 2,524 |  |  | 2,801 |  |  | (1,248 | ) |  | 4,077 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 2 |  |  | 13 |  |  | 1,284 |  |  | 858 |  |  | — |  |  | 2,157 |
| Vehicle depreciation and lease charges, net | — |  |  | — |  |  | 1,160 |  |  | 1,085 |  |  | (1,144 | ) |  | 1,101 |
| Selling, general and administrative | 20 |  |  | 4 |  |  | 311 |  |  | 220 |  |  | — |  |  | 555 |
| Vehicle interest, net | — |  |  | — |  |  | 97 |  |  | 144 |  |  | (104 | ) |  | 137 |
| Non-vehicle related depreciation and amortization | — |  |  | 1 |  |  | 80 |  |  | 47 |  |  | — |  |  | 128 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense (income) | — |  |  | 129 |  |  | 1 |  |  | (33 | ) |  | — |  |  | 97 |
|  | Intercompany interest expense (income) | (6 | ) |  | 6 |  |  | 11 |  |  | (11 | ) |  | — |  |  | — |
|  | Early extinguishment of debt | — |  |  | 4 |  |  | — |  |  | (1 | ) |  | — |  |  | 3 |
| Restructuring and other related charges | — |  |  | 2 |  |  | 39 |  |  | 4 |  |  | — |  |  | 45 |
| Transaction-related costs, net | — |  |  | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Total expenses | 16 |  |  | 159 |  |  | 2,983 |  |  | 2,321 |  |  | (1,248 | ) |  | 4,231 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (16 | ) |  | (159 | ) |  | (459 | ) |  | 480 |  |  | — |  |  | (154 | )
Provision for (benefit from) income taxes | (4 | ) |  | (62 | ) |  | (28 | ) |  | 44 |  |  | — |  |  | (50 | )
Equity in earnings (loss) of subsidiaries | (92 | ) |  | 5 |  |  | 436 |  |  | — |  |  | (349 | ) |  | — |
Net income (loss) | $ | (104 | ) |  | $ | (92 | ) |  | $ | 5 |  |  | $ | 436 |  |  | $ | (349 | ) |  | $ | (104 | )
Comprehensive income (loss) | $ | (28 | ) |  | $ | (16 | ) |  | $ | 82 |  |  | $ | 512 |  |  | $ | (578 | ) |  | $ | (28 | )
Schedule Of Condensed Consolidating Balance Sheet Table | As of December 31, 2016
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 3 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 475 |  |  | $ | — |  |  | $ | 490 |
| Receivables, net | — |  |  | — |  |  | 231 |  |  | 577 |  |  | — |  |  | 808 |
| Other current assets | 2 |  |  | 101 |  |  | 90 |  |  | 326 |  |  | — |  |  | 519 |
Total current assets | 5 |  |  | 113 |  |  | 321 |  |  | 1,378 |  |  | — |  |  | 1,817 |
Property and equipment, net | — |  |  | 148 |  |  | 341 |  |  | 196 |  |  | — |  |  | 685 |
Deferred income taxes | 20 |  |  | 1,219 |  |  | 268 |  |  | — |  |  | (14 | ) |  | 1,493 |
Goodwill | — |  |  | — |  |  | 489 |  |  | 518 |  |  | — |  |  | 1,007 |
Other intangibles, net | — |  |  | 28 |  |  | 502 |  |  | 340 |  |  | — |  |  | 870 |
Other non-current assets | 75 |  |  | 24 |  |  | 16 |  |  | 78 |  |  | — |  |  | 193 |
Intercompany receivables | 171 |  |  | 359 |  |  | 1,466 |  |  | 670 |  |  | (2,666 | ) |  | — |
Investment in subsidiaries | 42 |  |  | 3,717 |  |  | 3,698 |  |  | — |  |  | (7,457 | ) |  | — |
Total assets exclusive of assets under vehicle programs | 313 |  |  | 5,608 |  |  | 7,101 |  |  | 3,180 |  |  | (10,137 | ) |  | 6,065 |
Assets under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Program cash | — |  |  | — |  |  | — |  |  | 225 |  |  | — |  |  | 225 |
| Vehicles, net | — |  |  | 24 |  |  | 70 |  |  | 10,370 |  |  | — |  |  | 10,464 |
| Receivables from vehicle manufacturers and other | — |  |  | 1 |  |  | — |  |  | 526 |  |  | — |  |  | 527 |
| Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 362 |  |  | — |  |  | 362 |
|  |  | — |  |  | 25 |  |  | 70 |  |  | 11,483 |  |  | — |  |  | 11,578 |
Total assets | $ | 313 |  |  | $ | 5,633 |  |  | $ | 7,171 |  |  | $ | 14,663 |  |  | $ | (10,137 | ) |  | $ | 17,643 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| Accounts payable and other current liabilities | $ | 23 |  |  | $ | 189 |  |  | $ | 512 |  |  | $ | 764 |  |  | $ | — |  |  | $ | 1,488 |
| Short-term debt and current portion of long-term debt | — |  |  | 264 |  |  | 3 |  |  | 12 |  |  | — |  |  | 279 |
Total current liabilities | 23 |  |  | 453 |  |  | 515 |  |  | 776 |  |  | — |  |  | 1,767 |
Long-term debt | — |  |  | 2,730 |  |  | 3 |  |  | 511 |  |  | — |  |  | 3,244 |
Other non-current liabilities | 69 |  |  | 88 |  |  | 253 |  |  | 368 |  |  | (14 | ) |  | 764 |
Intercompany payables | — |  |  | 2,306 |  |  | 359 |  |  | 1 |  |  | (2,666 | ) |  | — |
Total liabilities exclusive of liabilities under vehicle programs | 92 |  |  | 5,577 |  |  | 1,130 |  |  | 1,656 |  |  | (2,680 | ) |  | 5,775 |
Liabilities under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Debt | — |  |  | 14 |  |  | 66 |  |  | 2,103 |  |  | — |  |  | 2,183 |
| Due to Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 6,695 |  |  | — |  |  | 6,695 |
| Deferred income taxes | — |  |  | — |  |  | 2,258 |  |  | 171 |  |  | — |  |  | 2,429 |
| Other | — |  |  | — |  |  | — |  |  | 340 |  |  | — |  |  | 340 |
|  |  | — |  |  | 14 |  |  | 2,324 |  |  | 9,309 |  |  | — |  |  | 11,647 |
Total stockholders’ equity | 221 |  |  | 42 |  |  | 3,717 |  |  | 3,698 |  |  | (7,457 | ) |  | 221 |
Total liabilities and stockholders’ equity | $ | 313 |  |  | $ | 5,633 |  |  | $ | 7,171 |  |  | $ | 14,663 |  |  | $ | (10,137 | ) |  | $ | 17,643 |
As of June 30, 2017
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 3 |  |  | $ | 121 |  |  | $ | — |  |  | $ | 652 |  |  | $ | — |  |  | $ | 776 |
| Receivables, net | — |  |  | — |  |  | 225 |  |  | 537 |  |  | — |  |  | 762 |
| Other current assets | 5 |  |  | 83 |  |  | 105 |  |  | 644 |  |  | — |  |  | 837 |
Total current assets | 8 |  |  | 204 |  |  | 330 |  |  | 1,833 |  |  | — |  |  | 2,375 |
Property and equipment, net | — |  |  | 157 |  |  | 324 |  |  | 203 |  |  | — |  |  | 684 |
Deferred income taxes | 19 |  |  | 1,341 |  |  | 271 |  |  | 11 |  |  | — |  |  | 1,642 |
Goodwill | — |  |  | — |  |  | 488 |  |  | 555 |  |  | — |  |  | 1,043 |
Other intangibles, net | — |  |  | 28 |  |  | 491 |  |  | 348 |  |  | — |  |  | 867 |
Other non-current assets | 76 |  |  | 23 |  |  | 17 |  |  | 86 |  |  | — |  |  | 202 |
Intercompany receivables | 178 |  |  | 370 |  |  | 1,590 |  |  | 972 |  |  | (3,110 | ) |  | — |
Investment in subsidiaries | (42 | ) |  | 3,799 |  |  | 3,839 |  |  | — |  |  | (7,596 | ) |  | — |
Total assets exclusive of assets under vehicle programs | 239 |  |  | 5,922 |  |  | 7,350 |  |  | 4,008 |  |  | (10,706 | ) |  | 6,813 |
Assets under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Program cash | — |  |  | — |  |  | — |  |  | 65 |  |  | — |  |  | 65 |
| Vehicles, net | — |  |  | 25 |  |  | 68 |  |  | 13,229 |  |  | — |  |  | 13,322 |
| Receivables from vehicle manufacturers and other | — |  |  | 1 |  |  | 1 |  |  | 235 |  |  | — |  |  | 237 |
| Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 395 |  |  | — |  |  | 395 |
|  |  | — |  |  | 26 |  |  | 69 |  |  | 13,924 |  |  | — |  |  | 14,019 |
Total assets | $ | 239 |  |  | $ | 5,948 |  |  | $ | 7,419 |  |  | $ | 17,932 |  |  | $ | (10,706 | ) |  | $ | 20,832 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| Accounts payable and other current liabilities | $ | 21 |  |  | $ | 223 |  |  | $ | 686 |  |  | $ | 919 |  |  | $ | — |  |  | $ | 1,849 |
| Short-term debt and current portion of long-term debt | — |  |  | 17 |  |  | 3 |  |  | 6 |  |  | — |  |  | 26 |
Total current liabilities | 21 |  |  | 240 |  |  | 689 |  |  | 925 |  |  | — |  |  | 1,875 |
Long-term debt | — |  |  | 2,916 |  |  | 2 |  |  | 628 |  |  | — |  |  | 3,546 |
Other non-current liabilities | 70 |  |  | 87 |  |  | 231 |  |  | 380 |  |  | — |  |  | 768 |
Intercompany payables | — |  |  | 2,738 |  |  | 370 |  |  | 2 |  |  | (3,110 | ) |  | — |
Total liabilities exclusive of liabilities under vehicle programs | 91 |  |  | 5,981 |  |  | 1,292 |  |  | 1,935 |  |  | (3,110 | ) |  | 6,189 |
Liabilities under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Debt | — |  |  | 9 |  |  | 61 |  |  | 3,416 |  |  | — |  |  | 3,486 |
| Due to Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 7,876 |  |  | — |  |  | 7,876 |
Deferred income taxes | — |  |  | — |  |  | 2,267 |  |  | 170 |  |  | — |  |  | 2,437 |
Other | — |  |  | — |  |  | — |  |  | 696 |  |  | — |  |  | 696 |
|  |  | — |  |  | 9 |  |  | 2,328 |  |  | 12,158 |  |  | — |  |  | 14,495 |
Total stockholders’ equity | 148 |  |  | (42 | ) |  | 3,799 |  |  | 3,839 |  |  | (7,596 | ) |  | 148 |
Total liabilities and stockholders’ equity | $ | 239 |  |  | $ | 5,948 |  |  | $ | 7,419 |  |  | $ | 17,932 |  |  | $ | (10,706 | ) |  | $ | 20,832 |
Consolidating Condensed Statements Of Cash Flows | Six Months Ended June 30, 2017
| Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net cash provided by (used in) operating activities | $ | 9 |  |  | $ | (41 | ) |  | $ | 47 |  |  | $ | 1,124 |  |  | $ | — |  |  | $ | 1,139 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions | — |  |  | (22 | ) |  | (34 | ) |  | (30 | ) |  | — |  |  | (86 | )
Proceeds received on asset sales | — |  |  | 1 |  |  | — |  |  | 3 |  |  | — |  |  | 4 |
Net assets acquired (net of cash acquired) | — |  |  | — |  |  | (4 | ) |  | (10 | ) |  | — |  |  | (14 | )
Intercompany loan receipts (advances) | — |  |  | — |  |  | (1 | ) |  | (313 | ) |  | 314 |  |  | — |
Other, net | 100 |  |  | — |  |  | — |  |  | (1 | ) |  | (100 | ) |  | (1 | )
Net cash provided by (used in) investing activities exclusive of vehicle programs | 100 |  |  | (21 | ) |  | (39 | ) |  | (351 | ) |  | 214 |  |  | (97 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Decrease in program cash | — |  |  | — |  |  | — |  |  | 168 |  |  | — |  |  | 168 |
Investment in vehicles | — |  |  | 1 |  |  | (2 | ) |  | (8,115 | ) |  | — |  |  | (8,116 | )
Proceeds received on disposition of vehicles | — |  |  | 31 |  |  | — |  |  | 5,028 |  |  | — |  |  | 5,059 |
Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party | — |  |  | — |  |  | — |  |  | (33 | ) |  | — |  |  | (33 | )
| — |  |  | 32 |  |  | (2 | ) |  | (2,952 | ) |  | — |  |  | (2,922 | )
Net cash provided by (used in) investing activities | 100 |  |  | 11 |  |  | (41 | ) |  | (3,303 | ) |  | 214 |  |  | (3,019 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | 325 |  |  | — |  |  | 264 |  |  | — |  |  | 589 |
Payments on long-term borrowings | — |  |  | (396 | ) |  | (1 | ) |  | (194 | ) |  | — |  |  | (591 | )
Net change in short-term borrowings | — |  |  | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Intercompany loan borrowings (payments) | — |  |  | 313 |  |  | — |  |  | 1 |  |  | (314 | ) |  | — |
Repurchases of common stock | (109 | ) |  | — |  |  | — |  |  | — |  |  |  |  |  | (109 | )
Debt financing fees | — |  |  | (3 | ) |  | — |  |  | (5 | ) |  | — |  |  | (8 | )
Other, net | — |  |  | (100 | ) |  | — |  |  | — |  |  | 100 |  |  | — |
Net cash provided by (used in) financing activities exclusive of vehicle programs | (109 | ) |  | 139 |  |  | (1 | ) |  | 65 |  |  | (214 | ) |  | (120 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | — |  |  | 11,255 |  |  | — |  |  | 11,255 |
Payments on borrowings | — |  |  | — |  |  | (5 | ) |  | (8,983 | ) |  | — |  |  | (8,988 | )
Debt financing fees | — |  |  | — |  |  | — |  |  | (8 | ) |  | — |  |  | (8 | )
| — |  |  | — |  |  | (5 | ) |  | 2,264 |  |  | — |  |  | 2,259 |
Net cash provided by (used in) financing activities | (109 | ) |  | 139 |  |  | (6 | ) |  | 2,329 |  |  | (214 | ) |  | 2,139 |
Effect of changes in exchange rates on cash and cash equivalents | — |  |  | — |  |  | — |  |  | 27 |  |  | — |  |  | 27 |
Net increase in cash and cash equivalents | — |  |  | 109 |  |  | — |  |  | 177 |  |  | — |  |  | 286 |
Cash and cash equivalents, beginning of period | 3 |  |  | 12 |  |  | — |  |  | 475 |  |  | — |  |  | 490 |
Cash and cash equivalents, end of period | $ | 3 |  |  | $ | 121 |  |  | $ | — |  |  | $ | 652 |  |  | $ | — |  |  | $ | 776 |
Six Months Ended June 30, 2016
| Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net cash provided by (used in) operating activities | $ | 89 |  |  | $ | 144 |  |  | $ | 30 |  |  | $ | 896 |  |  | $ | (80 | ) |  | $ | 1,079 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions | — |  |  | (11 | ) |  | (46 | ) |  | (32 | ) |  | — |  |  | (89 | )
Proceeds received on asset sales | — |  |  | 4 |  |  | 1 |  |  | 2 |  |  | — |  |  | 7 |
Net assets acquired (net of cash acquired) | — |  |  | — |  |  | (1 | ) |  | (2 | ) |  | — |  |  | (3 | )
Intercompany loan receipts (advances) | — |  |  | — |  |  | 28 |  |  | — |  |  | (28 | ) |  | — |
Other, net | 93 |  |  | — |  |  | — |  |  | 4 |  |  | (93 | ) |  | 4 |
Net cash provided by (used in) investing activities exclusive of vehicle programs | 93 |  |  | (7 | ) |  | (18 | ) |  | (28 | ) |  | (121 | ) |  | (81 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Decrease in program cash | — |  |  | — |  |  | — |  |  | 82 |  |  | — |  |  | 82 |
Investment in vehicles | — |  |  | (2 | ) |  | (7 | ) |  | (8,491 | ) |  | — |  |  | (8,500 | )
Proceeds received on disposition of vehicles | — |  |  | 20 |  |  | — |  |  | 5,398 |  |  | — |  |  | 5,418 |
| — |  |  | 18 |  |  | (7 | ) |  | (3,011 | ) |  | — |  |  | (3,000 | )
Net cash provided by (used in) investing activities | 93 |  |  | 11 |  |  | (25 | ) |  | (3,039 | ) |  | (121 | ) |  | (3,081 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | 557 |  |  | — |  |  | 1 |  |  | — |  |  | 558 |
Payments on long-term borrowings | — |  |  | (518 | ) |  | (1 | ) |  | (1 | ) |  | — |  |  | (520 | )
Intercompany loan borrowings (payments) | — |  |  | — |  |  | — |  |  | (28 | ) |  | 28 |  |  | — |
Repurchases of common stock | (183 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (183 | )
Debt financing fees | — |  |  | (10 | ) |  | — |  |  | — |  |  | — |  |  | (10 | )
Other, net | — |  |  | (173 | ) |  | — |  |  | — |  |  | 173 |  |  | — |
Net cash provided by (used in) financing activities exclusive of vehicle programs | (183 | ) |  | (144 | ) |  | (1 | ) |  | (28 | ) |  | 201 |  |  | (155 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | — |  |  | 9,850 |  |  | — |  |  | 9,850 |
Payments on borrowings | — |  |  | — |  |  | (4 | ) |  | (7,610 | ) |  | — |  |  | (7,614 | )
Debt financing fees | — |  |  | — |  |  | — |  |  | (17 | ) |  |  |  |  | (17 | )
| — |  |  | — |  |  | (4 | ) |  | 2,223 |  |  | — |  |  | 2,219 |
Net cash provided by (used in) financing activities | (183 | ) |  | (144 | ) |  | (5 | ) |  | 2,195 |  |  | 201 |  |  | 2,064 |
Effect of changes in exchange rates on cash and cash equivalents | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Net increase (decrease) in cash and cash equivalents | (1 | ) |  | 11 |  |  | — |  |  | 65 |  |  | — |  |  | 75 |
Cash and cash equivalents, beginning of period | 4 |  |  | 70 |  |  | — |  |  | 378 |  |  | — |  |  | 452 |
Cash and cash equivalents, end of period | $ | 3 |  |  | $ | 81 |  |  | $ | — |  |  | $ | 443 |  |  | $ | — |  |  | $ | 527 |

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