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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Components Of Other Comprehensive Income | The components of other comprehensive income (loss) were as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Net income (loss) | $ | 674 |  |  | $ | 45 |  |  | $ | 902 |  |  | $ | (594) |
| Less: net loss attributable to non-controlling interests | (1) |  |  | — |  |  | (1) |  |  | — |
Net income (loss) attributable to Avis Budget Group, inc. | 675 |  |  | 45 |  |  | 903 |  |  | (594) |
Other comprehensive income (loss): |  |  |  |  |  |  |
| Currency translation adjustments (net of tax of $(6), $12, $(15) and $12, respectively) | (23) |  |  | 35 |  |  | (22) |  |  | (9) |
| Net unrealized gain (loss) on cash flow hedges (net of tax of $(2), $3, $(9) and $12, respectively) | 6 |  |  | (7) |  |  | 27 |  |  | (33) |
| Minimum pension liability adjustment (net of tax of $(1), $(1), $(1) and $(1), respectively) | 2 |  |  | 1 |  |  | 6 |  |  | 5 |
|  | (15) |  |  | 29 |  |  | 11 |  |  | (37) |
Comprehensive income (loss) attributable to Avis Budget Group, Inc. | $ | 660 |  |  | $ | 74 |  |  | $ | 914 |  |  | $ | (631) |
__________ Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.
Components of Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) were as follows:
|  | Currency Translation Adjustments (a) |  | Net Unrealized Gains (Losses) on Cash Flow Hedges(b) |  | Minimum Pension Liability Adjustment(c) |  | Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2021 | $ | 40 |  |  | $ | (51) |  |  | $ | (176) |  |  | $ | (187) |
| Other comprehensive income (loss) before reclassifications | (33) |  |  | 17 |  |  | 1 |  |  | (15) |
| Amounts reclassified from accumulated other comprehensive income (loss) | 11 |  |  | 10 |  |  | 5 |  |  | 26 |
Net current-period other comprehensive income (loss) | (22) |  |  | 27 |  |  | 6 |  |  | 11 |
Balance, September 30, 2021 | $ | 18 |  |  | $ | (24) |  |  | $ | (170) |  |  | $ | (176) |
Balance, January 1, 2020 | $ | 9 |  |  | $ | (20) |  |  | $ | (146) |  |  | $ | (157) |
| Other comprehensive income (loss) before reclassifications | (9) |  |  | (38) |  |  | 1 |  |  | (46) |
| Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 5 |  |  | 4 |  |  | 9 |
Net current-period other comprehensive income (loss) | (9) |  |  | (33) |  |  | 5 |  |  | (37) |
Balance, September 30, 2020 | $ | — |  |  | $ | (53) |  |  | $ | (141) |  |  | $ | (194) |
__________ All components of accumulated other comprehensive income (loss) are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries and include $56 million gain, net of tax, as of September 30, 2021 related to the Company’s hedge of its investment in euro-denominated foreign operations (see Note 17–Financial Instruments). (a)For the nine months ended September 30, 2021, the amount was reclassified from accumulated other comprehensive income (loss) into restructuring and other related charges. (b)For the three and nine months ended September 30, 2021, the amount reclassified from accumulated other comprehensive income (loss) into corporate interest expense w as $4 million ($3 million, net of tax) and $12 million ($9 million, net of tax), respectively. For the three and nine months ended September 30, 2021, the amount reclassified from accumulated other comprehensive income (loss) into vehicle interest expense was $1 million ($1 million net of tax) and $2 million ($1 million, net of tax), respectively. For the three and nine months ended September 30, 2020, the amount reclassified from accumulated other comprehensive income (loss) into corporate interest expense was $3 million ($3 million net of tax) and $5 million ($4 million, net of tax), respectively. For the three and nine months ended September 30, 2020, the amount reclassified from accumulated other comprehensive income (loss) into vehicle interest expense was $1 million ($0 million, net of tax) and $2 million ($1 million, net of tax), respectively. (c)For the three and nine months ended September 30, 2021, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses w ere $2 million ($2 million, net of tax) and $7 million ($5 million, net of tax), respectively. For the three and nine months ended September 30, 2020, the amount reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses was $2 million ($1 million net of tax) and $6 million ($4 million, net of tax), respectively.

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e526-108580 + Details
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