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Guarantor and Non-Guarantor Consolidating Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Condensed Financial Information Disclosure [Abstract] |  |  |
Consolidating Condensed Income Statement | For the Year Ended December 31, 2018
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues | $ | — |  |  | $ | — |  |  | $ | 5,431 |  |  | $ | 6,006 |  |  | $ | (2,313 | ) |  | $ | 9,124 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 4 |  |  | 7 |  |  | 2,668 |  |  | 1,960 |  |  | — |  |  | 4,639 |
| Vehicle depreciation and lease charges, net | — |  |  | — |  |  | 2,162 |  |  | 2,102 |  |  | (2,085 | ) |  | 2,179 |
| Selling, general and administrative | 48 |  |  | 11 |  |  | 662 |  |  | 499 |  |  | — |  |  | 1,220 |
| Vehicle interest, net | — |  |  | — |  |  | 229 |  |  | 313 |  |  | (228 | ) |  | 314 |
| Non-vehicle related depreciation and amortization | — |  |  | 1 |  |  | 145 |  |  | 110 |  |  | — |  |  | 256 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense | — |  |  | 153 |  |  | 3 |  |  | 32 |  |  | — |  |  | 188 |
|  | Intercompany interest expense (income) | (12 | ) |  | (11 | ) |  | 26 |  |  | (3 | ) |  | — |  |  | — |
|  | Early extinguishment of debt | — |  |  | 19 |  |  | — |  |  | — |  |  | — |  |  | 19 |
| Restructuring and other related charges | — |  |  | — |  |  | 11 |  |  | 11 |  |  | — |  |  | 22 |
| Transaction-related costs, net | — |  |  | 1 |  |  | 4 |  |  | 15 |  |  | — |  |  | 20 |
Total expenses | 40 |  |  | 181 |  |  | 5,910 |  |  | 5,039 |  |  | (2,313 | ) |  | 8,857 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (40 | ) |  | (181 | ) |  | (479 | ) |  | 967 |  |  | — |  |  | 267 |
Provision for (benefit from) income taxes | (10 | ) |  | (48 | ) |  | 93 |  |  | 67 |  |  | — |  |  | 102 |
Equity in earnings of subsidiaries | 195 |  |  | 328 |  |  | 900 |  |  | — |  |  | (1,423 | ) |  | — |
Net income | $ | 165 |  |  | $ | 195 |  |  | $ | 328 |  |  | $ | 900 |  |  | $ | (1,423 | ) |  | $ | 165 |
Comprehensive income | $ | 62 |  |  | $ | 92 |  |  | $ | 228 |  |  | $ | 806 |  |  | $ | (1,126 | ) |  | $ | 62 |
| For the Year Ended December 31, 2017
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues | $ | — |  |  | $ | — |  |  | $ | 5,312 |  |  | $ | 5,931 |  |  | $ | (2,395 | ) |  | $ | 8,848 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 3 |  |  | 20 |  |  | 2,598 |  |  | 1,851 |  |  | — |  |  | 4,472 |
| Vehicle depreciation and lease charges, net | — |  |  | — |  |  | 2,226 |  |  | 2,183 |  |  | (2,188 | ) |  | 2,221 |
| Selling, general and administrative | 39 |  |  | 8 |  |  | 619 |  |  | 454 |  |  | — |  |  | 1,120 |
| Vehicle interest, net | — |  |  | — |  |  | 199 |  |  | 294 |  |  | (207 | ) |  | 286 |
| Non-vehicle related depreciation and amortization | — |  |  | 1 |  |  | 160 |  |  | 98 |  |  | — |  |  | 259 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense | — |  |  | 157 |  |  | 1 |  |  | 30 |  |  | — |  |  | 188 |
|  | Intercompany interest expense (income) | (12 | ) |  | 95 |  |  | 23 |  |  | (106 | ) |  | — |  |  | — |
|  | Early extinguishment of debt | — |  |  | 4 |  |  | — |  |  | (1 | ) |  | — |  |  | 3 |
| Restructuring and other related charges | — |  |  | 7 |  |  | 44 |  |  | 12 |  |  | — |  |  | 63 |
| Transaction-related costs, net | — |  |  | 1 |  |  | 3 |  |  | 19 |  |  | — |  |  | 23 |
| Impairment | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Total expenses | 30 |  |  | 293 |  |  | 5,875 |  |  | 4,834 |  |  | (2,395 | ) |  | 8,637 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (30 | ) |  | (293 | ) |  | (563 | ) |  | 1,097 |  |  | — |  |  | 211 |
Provision for (benefit from) income taxes | (5 | ) |  | 267 |  |  | (527 | ) |  | 115 |  |  | — |  |  | (150 | )
Equity in earnings of subsidiaries | 386 |  |  | 946 |  |  | 982 |  |  | — |  |  | (2,314 | ) |  | — |
Net income | $ | 361 |  |  | $ | 386 |  |  | $ | 946 |  |  | $ | 982 |  |  | $ | (2,314 | ) |  | $ | 361 |
Comprehensive income | $ | 491 |  |  | $ | 515 |  |  | $ | 1,073 |  |  | $ | 1,103 |  |  | $ | (2,691 | ) |  | $ | 491 |
| For the Year Ended December 31, 2016
|  |  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Revenues | $ | — |  |  | $ | — |  |  | $ | 5,343 |  |  | $ | 5,510 |  |  | $ | (2,194 | ) |  | $ | 8,659 |
Expenses |  |  |  |  |  |  |  |  |  |  |
| Operating | 4 |  |  | 18 |  |  | 2,622 |  |  | 1,738 |  |  | — |  |  | 4,382 |
| Vehicle depreciation and lease charges, net | — |  |  | — |  |  | 1,993 |  |  | 2,045 |  |  | (1,991 | ) |  | 2,047 |
| Selling, general and administrative | 38 |  |  | 18 |  |  | 631 |  |  | 447 |  |  | — |  |  | 1,134 |
| Vehicle interest, net | — |  |  | — |  |  | 198 |  |  | 289 |  |  | (203 | ) |  | 284 |
| Non-vehicle related depreciation and amortization | — |  |  | 2 |  |  | 155 |  |  | 96 |  |  | — |  |  | 253 |
| Interest expense related to corporate debt, net: |  |  |  |  |  |  |  |  |  |  |
|  | Interest expense | — |  |  | 141 |  |  | 3 |  |  | 59 |  |  | — |  |  | 203 |
|  | Intercompany interest expense (income) | (13 | ) |  | (7 | ) |  | 23 |  |  | (3 | ) |  | — |  |  | — |
|  | Early extinguishment of debt | — |  |  | 10 |  |  | — |  |  | 17 |  |  | — |  |  | 27 |
| Restructuring and other related charges | — |  |  | — |  |  | 9 |  |  | 20 |  |  | — |  |  | 29 |
| Transaction-related costs, net | — |  |  | 2 |  |  | 1 |  |  | 18 |  |  | — |  |  | 21 |
Total expenses | 29 |  |  | 184 |  |  | 5,635 |  |  | 4,726 |  |  | (2,194 | ) |  | 8,380 |
Income (loss) before income taxes and equity in earnings of subsidiaries | (29 | ) |  | (184 | ) |  | (292 | ) |  | 784 |  |  | — |  |  | 279 |
Provision for (benefit from) income taxes | (11 | ) |  | (70 | ) |  | 123 |  |  | 74 |  |  | — |  |  | 116 |
Equity in earnings of subsidiaries | 181 |  |  | 295 |  |  | 710 |  |  | — |  |  | (1,186 | ) |  | — |
Net income | $ | 163 |  |  | $ | 181 |  |  | $ | 295 |  |  | $ | 710 |  |  | $ | (1,186 | ) |  | $ | 163 |
Comprehensive income | $ | 156 |  |  | $ | 173 |  |  | $ | 283 |  |  | $ | 712 |  |  | $ | (1,168 | ) |  | $ | 156 |
Consolidating Condensed Balance Sheet | As of December 31, 2018
|  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 1 |  |  | $ | 12 |  |  | $ | 1 |  |  | $ | 601 |  |  | $ | — |  |  | $ | 615 |
| Receivables, net | — |  |  | — |  |  | 239 |  |  | 716 |  |  | — |  |  | 955 |
| Other current assets | 5 |  |  | 112 |  |  | 116 |  |  | 371 |  |  | — |  |  | 604 |
Total current assets | 6 |  |  | 124 |  |  | 356 |  |  | 1,688 |  |  | — |  |  | 2,174 |
Property and equipment, net | — |  |  | 199 |  |  | 319 |  |  | 218 |  |  | — |  |  | 736 |
Deferred income taxes | 13 |  |  | 1,015 |  |  | 207 |  |  | 66 |  |  | — |  |  | 1,301 |
Goodwill | — |  |  | — |  |  | 471 |  |  | 621 |  |  | — |  |  | 1,092 |
Other intangibles, net | — |  |  | 26 |  |  | 475 |  |  | 324 |  |  | — |  |  | 825 |
Other non-current assets | 47 |  |  | 39 |  |  | 16 |  |  | 140 |  |  | — |  |  | 242 |
Intercompany receivables | 159 |  |  | 404 |  |  | 2,104 |  |  | 1,262 |  |  | (3,929 | ) |  | — |
Investment in subsidiaries | 246 |  |  | 4,786 |  |  | 3,852 |  |  | — |  |  | (8,884 | ) |  | — |
Total assets exclusive of assets under vehicle programs | 471 |  |  | 6,593 |  |  | 7,800 |  |  | 4,319 |  |  | (12,813 | ) |  | 6,370 |
Assets under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Program cash | — |  |  | — |  |  | — |  |  | 115 |  |  | — |  |  | 115 |
| Vehicles, net | — |  |  | 55 |  |  | 54 |  |  | 11,365 |  |  | — |  |  | 11,474 |
| Receivables from vehicle manufacturers and other | — |  |  | 2 |  |  | — |  |  | 629 |  |  | — |  |  | 631 |
| Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 559 |  |  | — |  |  | 559 |
|  | — |  |  | 57 |  |  | 54 |  |  | 12,668 |  |  | — |  |  | 12,779 |
Total assets | $ | 471 |  |  | $ | 6,650 |  |  | $ | 7,854 |  |  | $ | 16,987 |  |  | $ | (12,813 | ) |  | $ | 19,149 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| Accounts payable and other current liabilities | $ | 16 |  |  | $ | 246 |  |  | $ | 582 |  |  | $ | 849 |  |  | $ | — |  |  | $ | 1,693 |
| Short-term debt and current portion of long-term debt | — |  |  | 18 |  |  | 3 |  |  | 2 |  |  | — |  |  | 23 |
Total current liabilities | 16 |  |  | 264 |  |  | 585 |  |  | 851 |  |  | — |  |  | 1,716 |
Long-term debt | — |  |  | 2,501 |  |  | 3 |  |  | 1,024 |  |  | — |  |  | 3,528 |
Other non-current liabilities | 41 |  |  | 87 |  |  | 257 |  |  | 382 |  |  | — |  |  | 767 |
Intercompany payables | — |  |  | 3,524 |  |  | 404 |  |  | 1 |  |  | (3,929 | ) |  | — |
Total liabilities exclusive of liabilities under vehicle programs | 57 |  |  | 6,376 |  |  | 1,249 |  |  | 2,258 |  |  | (3,929 | ) |  | 6,011 |
Liabilities under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Debt | — |  |  | 28 |  |  | 49 |  |  | 2,797 |  |  | — |  |  | 2,874 |
| Due to Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 7,358 |  |  | — |  |  | 7,358 |
| Deferred income taxes | — |  |  | — |  |  | 1,770 |  |  | 191 |  |  | — |  |  | 1,961 |
| Other | — |  |  | — |  |  | — |  |  | 531 |  |  | — |  |  | 531 |
|  | — |  |  | 28 |  |  | 1,819 |  |  | 10,877 |  |  | — |  |  | 12,724 |
Total stockholders’ equity | 414 |  |  | 246 |  |  | 4,786 |  |  | 3,852 |  |  | (8,884 | ) |  | 414 |
Total liabilities and stockholders’ equity | $ | 471 |  |  | $ | 6,650 |  |  | $ | 7,854 |  |  | $ | 16,987 |  |  | $ | (12,813 | ) |  | $ | 19,149 |
| As of December 31, 2017
|  | Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $ | 4 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 593 |  |  | $ | — |  |  | $ | 611 |
| Receivables, net | — |  |  | — |  |  | 255 |  |  | 667 |  |  | — |  |  | 922 |
| Other current assets | 4 |  |  | 89 |  |  | 101 |  |  | 339 |  |  | — |  |  | 533 |
Total current assets | 8 |  |  | 103 |  |  | 356 |  |  | 1,599 |  |  | — |  |  | 2,066 |
Property and equipment, net | — |  |  | 167 |  |  | 321 |  |  | 216 |  |  | — |  |  | 704 |
Deferred income taxes | 14 |  |  | 704 |  |  | 154 |  |  | 59 |  |  | — |  |  | 931 |
Goodwill | — |  |  | — |  |  | 471 |  |  | 602 |  |  | — |  |  | 1,073 |
Other intangibles, net | — |  |  | 27 |  |  | 480 |  |  | 343 |  |  | — |  |  | 850 |
Other non-current assets | 46 |  |  | 29 |  |  | 16 |  |  | 105 |  |  | — |  |  | 196 |
Intercompany receivables | 187 |  |  | 382 |  |  | 1,506 |  |  | 824 |  |  | (2,899 | ) |  | — |
Investment in subsidiaries | 381 |  |  | 4,681 |  |  | 3,938 |  |  | — |  |  | (9,000 | ) |  | — |
Total assets exclusive of assets under vehicle programs | 636 |  |  | 6,093 |  |  | 7,242 |  |  | 3,748 |  |  | (11,899 | ) |  | 5,820 |
Assets under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Program cash | — |  |  | — |  |  | — |  |  | 283 |  |  | — |  |  | 283 |
| Vehicles, net | — |  |  | 34 |  |  | 61 |  |  | 10,531 |  |  | — |  |  | 10,626 |
| Receivables from vehicle manufacturers and other | — |  |  | 1 |  |  | — |  |  | 546 |  |  | — |  |  | 547 |
| Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 423 |  |  | — |  |  | 423 |
|  | — |  |  | 35 |  |  | 61 |  |  | 11,783 |  |  | — |  |  | 11,879 |
Total assets | $ | 636 |  |  | $ | 6,128 |  |  | $ | 7,303 |  |  | $ | 15,531 |  |  | $ | (11,899 | ) |  | $ | 17,699 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
| Accounts payable and other current liabilities | $ | 23 |  |  | $ | 207 |  |  | $ | 552 |  |  | $ | 837 |  |  | $ | — |  |  | $ | 1,619 |
| Short-term debt and current portion of long-term debt | — |  |  | 17 |  |  | 3 |  |  | 6 |  |  | — |  |  | 26 |
Total current liabilities | 23 |  |  | 224 |  |  | 555 |  |  | 843 |  |  | — |  |  | 1,645 |
Long-term debt | — |  |  | 2,910 |  |  | 3 |  |  | 660 |  |  | — |  |  | 3,573 |
Other non-current liabilities | 40 |  |  | 83 |  |  | 216 |  |  | 378 |  |  | — |  |  | 717 |
Intercompany payables | — |  |  | 2,515 |  |  | 382 |  |  | 2 |  |  | (2,899 | ) |  | — |
Total liabilities exclusive of liabilities under vehicle programs | 63 |  |  | 5,732 |  |  | 1,156 |  |  | 1,883 |  |  | (2,899 | ) |  | 5,935 |
Liabilities under vehicle programs: |  |  |  |  |  |  |  |  |  |  |
| Debt | — |  |  | 15 |  |  | 57 |  |  | 2,669 |  |  | — |  |  | 2,741 |
| Due to Avis Budget Rental Car Funding (AESOP) LLC-related party | — |  |  | — |  |  | — |  |  | 6,480 |  |  | — |  |  | 6,480 |
| Deferred income taxes | — |  |  | — |  |  | 1,407 |  |  | 187 |  |  | — |  |  | 1,594 |
| Other | — |  |  | — |  |  | 2 |  |  | 374 |  |  | — |  |  | 376 |
|  | — |  |  | 15 |  |  | 1,466 |  |  | 9,710 |  |  | — |  |  | 11,191 |
Total stockholders’ equity | 573 |  |  | 381 |  |  | 4,681 |  |  | 3,938 |  |  | (9,000 | ) |  | 573 |
Total liabilities and stockholders’ equity | $ | 636 |  |  | $ | 6,128 |  |  | $ | 7,303 |  |  | $ | 15,531 |  |  | $ | (11,899 | ) |  | $ | 17,699 |
Consolidating Condensed Cash Flow Statement | Consolidating Condensed Statements of Cash Flows For the Year Ended December 31, 2018
| Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net cash provided by (used in) operating activities | $ | 210 |  |  | $ | 235 |  |  | $ | 193 |  |  | $ | 2,380 |  |  | $ | (409 | ) |  | $ | 2,609 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions | — |  |  | (64 | ) |  | (88 | ) |  | (79 | ) |  | — |  |  | (231 | )
Proceeds received on asset sales | — |  |  | 2 |  |  | 4 |  |  | 11 |  |  | — |  |  | 17 |
Net assets acquired (net of cash acquired) | — |  |  | (3 | ) |  | (10 | ) |  | (78 | ) |  | — |  |  | (91 | )
Intercompany loan receipts (advances) | — |  |  | — |  |  | — |  |  | (404 | ) |  | 404 |  |  | — |
Other, net | — |  |  | (8 | ) |  | — |  |  | (36 | ) |  | — |  |  | (44 | )
Net cash provided by (used in) investing activities exclusive of vehicle programs | — |  |  | (73 | ) |  | (94 | ) |  | (586 | ) |  | 404 |  |  | (349 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Investment in vehicles | — |  |  | (2 | ) |  | (1 | ) |  | (12,586 | ) |  | — |  |  | (12,589 | )
Proceeds received on disposition of vehicles | — |  |  | 42 |  |  | — |  |  | 9,606 |  |  | — |  |  | 9,648 |
Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC — related party | — |  |  | — |  |  | — |  |  | (188 | ) |  | — |  |  | (188 | )
Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP) LLC — related party | — |  |  | — |  |  | — |  |  | 52 |  |  | — |  |  | 52 |
| — |  |  | 40 |  |  | (1 | ) |  | (3,116 | ) |  | — |  |  | (3,077 | )
Net cash provided by (used in) investing activities | — |  |  | (33 | ) |  | (95 | ) |  | (3,702 | ) |  | 404 |  |  | (3,426 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | 81 |  |  | — |  |  | 404 |  |  | — |  |  | 485 |
Payments on long-term borrowings | — |  |  | (510 | ) |  | (3 | ) |  | (2 | ) |  | — |  |  | (515 | )
Net change in short-term borrowings | — |  |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Debt financing fees | — |  |  | (9 | ) |  | — |  |  | (6 | ) |  | — |  |  | (15 | )
Repurchases of common stock | (216 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (216 | )
Intercompany loan borrowings (payments) | — |  |  | 404 |  |  | — |  |  | — |  |  | (404 | ) |  | — |
Other, net | 3 |  |  | (167 | ) |  | (85 | ) |  | (157 | ) |  | 409 |  |  | 3 |
Net cash provided by (used in) financing activities exclusive of vehicle programs | (213 | ) |  | (201 | ) |  | (88 | ) |  | 235 |  |  | 5 |  |  | (262 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | — |  |  | 17,339 |  |  | — |  |  | 17,339 |
Payments on borrowings | — |  |  | (3 | ) |  | (9 | ) |  | (16,373 | ) |  | — |  |  | (16,385 | )
Debt financing fees | — |  |  | — |  |  | — |  |  | (25 | ) |  | — |  |  | (25 | )
| — |  |  | (3 | ) |  | (9 | ) |  | 941 |  |  | — |  |  | 929 |
Net cash provided by (used in) financing activities | (213 | ) |  | (204 | ) |  | (97 | ) |  | 1,176 |  |  | 5 |  |  | 667 |
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash | — |  |  | — |  |  | — |  |  | (16 | ) |  | — |  |  | (16 | )
Net increase in cash and cash equivalents, program and restricted cash | (3 | ) |  | (2 | ) |  | 1 |  |  | (162 | ) |  | — |  |  | (166 | )
Cash and cash equivalents, program and restricted cash, beginning of period | 4 |  |  | 14 |  |  | — |  |  | 883 |  |  | — |  |  | 901 |
Cash and cash equivalents, program and restricted cash, end of period | $ | 1 |  |  | $ | 12 |  |  | $ | 1 |  |  | $ | 721 |  |  | $ | — |  |  | $ | 735 |
| For the Year Ended December 31, 2017
| Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net cash provided by (used in) operating activities | $ | 110 |  |  | $ | (89 | ) |  | $ | 97 |  |  | $ | 2,697 |  |  | $ | (167 | ) |  | $ | 2,648 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions | — |  |  | (49 | ) |  | (81 | ) |  | (67 | ) |  | — |  |  | (197 | )
Proceeds received on asset sales | — |  |  | 1 |  |  | — |  |  | 7 |  |  | — |  |  | 8 |
Net assets acquired (net of cash acquired) | — |  |  | (1 | ) |  | (5 | ) |  | (15 | ) |  | — |  |  | (21 | )
Intercompany loan receipts (advances) | — |  |  | — |  |  | — |  |  | (264 | ) |  | 264 |  |  | — |
Other, net | 100 |  |  | 110 |  |  | 110 |  |  | 5 |  |  | (320 | ) |  | 5 |
Net cash provided by (used in) investing activities exclusive of vehicle programs | 100 |  |  | 61 |  |  | 24 |  |  | (334 | ) |  | (56 | ) |  | (205 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Investment in vehicles | — |  |  | (1 | ) |  | — |  |  | (11,537 | ) |  | — |  |  | (11,538 | )
Proceeds received on disposition of vehicles | — |  |  | 46 |  |  | — |  |  | 9,554 |  |  | — |  |  | 9,600 |
Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC- related party | — |  |  | — |  |  | — |  |  | (61 | ) |  | — |  |  | (61 | )
| — |  |  | 45 |  |  | — |  |  | (2,044 | ) |  | — |  |  | (1,999 | )
Net cash provided by (used in) investing activities | 100 |  |  | 106 |  |  | 24 |  |  | (2,378 | ) |  | (56 | ) |  | (2,204 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | 325 |  |  | — |  |  | 264 |  |  | — |  |  | 589 |
Payments on long-term borrowings | — |  |  | (406 | ) |  | (2 | ) |  | (194 | ) |  | — |  |  | (602 | )
Net change in short-term borrowings | — |  |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Debt financing fees | — |  |  | (5 | ) |  | — |  |  | (4 | ) |  | — |  |  | (9 | )
Repurchases of common stock | (210 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (210 | )
Intercompany loan borrowings (payments) | — |  |  | 264 |  |  | — |  |  | — |  |  | (264 | ) |  | — |
Other, net | 1 |  |  | (192 | ) |  | (110 | ) |  | (185 | ) |  | 487 |  |  | 1 |
Net cash provided by (used in) financing activities exclusive of vehicle programs | (209 | ) |  | (14 | ) |  | (112 | ) |  | (123 | ) |  | 223 |  |  | (235 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | — |  |  | 17,212 |  |  | — |  |  | 17,212 |
Payments on borrowings | — |  |  | (1 | ) |  | (9 | ) |  | (17,259 | ) |  | — |  |  | (17,269 | )
Debt financing fees | — |  |  | — |  |  | — |  |  | (16 | ) |  | — |  |  | (16 | )
| — |  |  | (1 | ) |  | (9 | ) |  | (63 | ) |  | — |  |  | (73 | )
Net cash provided by (used in) financing activities | (209 | ) |  | (15 | ) |  | (121 | ) |  | (186 | ) |  | 223 |  |  | (308 | )
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash | — |  |  | — |  |  | — |  |  | 45 |  |  | — |  |  | 45 |
Net increase (decrease) in cash and cash equivalents, program and restricted cash | 1 |  |  | 2 |  |  | — |  |  | 178 |  |  | — |  |  | 181 |
Cash and cash equivalents, program and restricted cash, beginning of period | 3 |  |  | 12 |  |  | — |  |  | 705 |  |  | — |  |  | 720 |
Cash and cash equivalents, program and restricted cash, end of period | $ | 4 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 883 |  |  | $ | — |  |  | $ | 901 |
| For the Year Ended December 31, 2016
| Parent |  | Subsidiary Issuers |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net cash provided by (used in) operating activities | $ | 279 |  |  | $ | (10 | ) |  | $ | 80 |  |  | $ | 2,633 |  |  | $ | (342 | ) |  | $ | 2,640 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Property and equipment additions | — |  |  | (32 | ) |  | (89 | ) |  | (69 | ) |  | — |  |  | (190 | )
Proceeds received on asset sales | — |  |  | 7 |  |  | 4 |  |  | 8 |  |  | — |  |  | 19 |
Net assets acquired (net of cash acquired) | — |  |  | — |  |  | (4 | ) |  | (51 | ) |  | — |  |  | (55 | )
Intercompany loan receipts (advances) | — |  |  | — |  |  | 28 |  |  | (316 | ) |  | 288 |  |  | — |
Other, net | 118 |  |  | (1 | ) |  | — |  |  | 2 |  |  | (118 | ) |  | 1 |
Net cash provided by (used in) investing activities exclusive of vehicle programs | 118 |  |  | (26 | ) |  | (61 | ) |  | (426 | ) |  | 170 |  |  | (225 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Investment in vehicles | — |  |  | (9 | ) |  | (4 | ) |  | (12,448 | ) |  | — |  |  | (12,461 | )
Proceeds received on disposition of vehicles | — |  |  | 31 |  |  | — |  |  | 10,473 |  |  | — |  |  | 10,504 |
| — |  |  | 22 |  |  | (4 | ) |  | (1,975 | ) |  | — |  |  | (1,957 | )
Net cash provided by (used in) investing activities | 118 |  |  | (4 | ) |  | (65 | ) |  | (2,401 | ) |  | 170 |  |  | (2,182 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | 557 |  |  | — |  |  | 337 |  |  | — |  |  | 894 |
Payments on long-term borrowings | — |  |  | (525 | ) |  | (5 | ) |  | (317 | ) |  | — |  |  | (847 | )
Net change in short-term borrowings | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Debt financing fees | — |  |  | (15 | ) |  | — |  |  | (5 | ) |  | — |  |  | (20 | )
Repurchases of common stock | (398 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (398 | )
Intercompany loan borrowings (payments) | — |  |  | 316 |  |  | — |  |  | (28 | ) |  | (288 | ) |  | — |
Other, net | — |  |  | (385 | ) |  | — |  |  | (75 | ) |  | 460 |  |  | — |
Net cash provided by (used in) financing activities exclusive of vehicle programs | (398 | ) |  | (52 | ) |  | (5 | ) |  | (84 | ) |  | 172 |  |  | (367 | )
Vehicle programs: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | 8 |  |  | — |  |  | 15,761 |  |  | — |  |  | 15,769 |
Payments on borrowings | — |  |  | — |  |  | (9 | ) |  | (15,817 | ) |  | — |  |  | (15,826 | )
Debt financing fees | — |  |  | — |  |  | (1 | ) |  | (24 | ) |  | — |  |  | (25 | )
| — |  |  | 8 |  |  | (10 | ) |  | (80 | ) |  | — |  |  | (82 | )
Net cash provided by (used in) financing activities | (398 | ) |  | (44 | ) |  | (15 | ) |  | (164 | ) |  | 172 |  |  | (449 | )
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash | — |  |  | — |  |  | — |  |  | (6 | ) |  | — |  |  | (6 | )
Net increase (decrease) in cash and cash equivalents, program and restricted cash | (1 | ) |  | (58 | ) |  | — |  |  | 62 |  |  | — |  |  | 3 |
Cash and cash equivalents, program and restricted cash, beginning of period | 4 |  |  | 70 |  |  | — |  |  | 643 |  |  | — |  |  | 717 |
Cash and cash equivalents, program and restricted cash, end of period | $ | 3 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 705 |  |  | $ | — |  |  | $ | 720 |

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