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Debt Under Vehicle Programs and Borrowing Arrangements (Tables) | 6 Months Ended
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Jun. 30, 2018
Debt Disclosure [Abstract] |
Schedule Of Debt Under Vehicle Programs | Debt under vehicle programs, including related party debt due to Avis Budget Rental Car Funding (AESOP) LLC (“Avis Budget Rental Car Funding”), consisted of:
| As of |  | As of
| June 30, |  | December 31,
| 2018 |  | 2017
Americas - Debt due to Avis Budget Rental Car Funding (a) | $ | 8,298 |  |  | $ | 6,516 |
Americas - Debt borrowings | 912 |  |  | 660 |
International - Debt borrowings | 2,399 |  |  | 1,942 |
International - Capital leases | 211 |  |  | 146 |
Other | 4 |  |  | 1 |
Deferred financing fees (b) | (48 | ) |  | (44 | )
Total | $ | 11,776 |  |  | $ | 9,221 |
__________
(a) | The increase reflects additional borrowings principally to fund increases in the Company’s car rental fleet.
(b) | Deferred financing fees related to Debt due to Avis Budget Rental Car Funding as of June 30, 2018 and December 31, 2017 were $33 million and $36 million, respectively.
In April 2018, the Company’s Avis Budget Rental Car Funding subsidiary issued approximately $400 million in asset-backed notes with an expected final payment date of September 2023. The weighted average interest rate was 4%. The Company used the proceeds from these borrowings to fund the repayment of maturing vehicle-backed debt and the acquisition of rental cars in the United States. In June 2018, the Company increased its capacity under the European rental fleet securitization program by €150 million (approximately $175 million) to €1.8 billion (approximately $2.1 billion) and extended its maturity to 2021. The Company used the proceeds to finance fleet purchases for certain of the Company’s European operations.
Schedule Of Contractual Maturities | The following table provides the contractual maturities of the Company’s debt under vehicle programs, including related party debt due to Avis Budget Rental Car Funding, at June 30, 2018.
| Debt under Vehicle Programs
Within 1 year | $ | 1,816 |
Between 1 and 2 years | 4,703 |
Between 2 and 3 years | 2,997 |
Between 3 and 4 years | 724 |
Between 4 and 5 years | 1,156 |
Thereafter | 428 |
Total | $ | 11,824 |
Schedule Of Available Funding Under The Vehicle Programs | As of June 30, 2018, available funding under the Company’s vehicle programs, including related party debt due to Avis Budget Rental Car Funding, consisted of:
| Total Capacity (a) |  | Outstanding Borrowings (b) |  | Available Capacity
Americas - Debt due to Avis Budget Rental Car Funding | $ | 8,988 |  |  | $ | 8,298 |  |  | $ | 690 |
Americas - Debt borrowings | 971 |  |  | 912 |  |  | 59 |
International - Debt borrowings | 3,081 |  |  | 2,399 |  |  | 682 |
International - Capital leases | 231 |  |  | 211 |  |  | 20 |
Other | 4 |  |  | 4 |  |  | — |
Total | $ | 13,275 |  |  | $ | 11,824 |  |  | $ | 1,451 |
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(a) | Capacity is subject to maintaining sufficient assets to collateralize debt.
(b) | The outstanding debt is collateralized by vehicles and related assets of $9.8 billion for Americas - Debt due to Avis Budget Rental Car Funding; $1.3 billion for Americas - Debt borrowings; $2.6 billion for International - Debt borrowings; and $0.2 billion for International - Capital leases.

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- Definition Tabular disclosure of information and detail of the capacity, outstanding balances and available funding under the vehicle programs (including related party debt due to Avis Budget Rental Funding). + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities for all borrowings for the vehicle program for each of the five years following the date of the latest balance sheet date presented. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to debt instruments under the vehicle program including amounts borrowed and other information necessary to a fair presentation. + References No definition available. + Details
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