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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Schedule of Components of Other Comprehensive Income (Loss) | The components of other comprehensive income (loss) were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Net income | $ | 436 |  |  | $ | 774 |  |  | $ | 748 |  |  | $ | 1,301 |
| Less: net income (loss) attributable to non-controlling interests | 1 |  |  | (4) |  |  | 1 |  |  | (6) |
Net income attributable to Avis Budget Group, Inc. | 435 |  |  | 778 |  |  | 747 |  |  | 1,307 |
Other comprehensive income (loss): |  |  |  |  |  |  |
| Currency translation adjustments (net of tax of $2, $(14), $5 and $(17), respectively) | 6 |  |  | (50) |  |  | 2 |  |  | (43) |
| Net unrealized gain (loss) on cash flow hedges (net of tax of $(4), $(4), $(2) and $(15), respectively) | 14 |  |  | 13 |  |  | 7 |  |  | 43 |
| Minimum pension liability adjustment (net of tax of $0, in each period) | 1 |  |  | 1 |  |  | 2 |  |  | 3 |
|  | 21 |  |  | (36) |  |  | 11 |  |  | 3 |
Comprehensive income attributable to Avis Budget Group, Inc. | $ | 456 |  |  | $ | 742 |  |  | $ | 758 |  |  | $ | 1,310 |
__________ Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.
Schedule of Components of Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) were as follows:
|  | Currency Translation Adjustments |  | Net Unrealized Gains (Losses) on Cash Flow Hedges(a) |  | Minimum Pension Liability Adjustment(b) |  | Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2023 | $ | (30) |  |  | $ | 45 |  |  | $ | (116) |  |  | $ | (101) |
| Other comprehensive income (loss) before reclassifications | 2 |  |  | 13 |  |  | — |  |  | 15 |
| Amounts reclassified from accumulated other comprehensive income | — |  |  | (6) |  |  | 2 |  |  | (4) |
Net current-period other comprehensive income (loss) | 2 |  |  | 7 |  |  | 2 |  |  | 11 |
Balance, June 30, 2023 | $ | (28) |  |  | $ | 52 |  |  | $ | (114) |  |  | $ | (90) |
Balance, January 1, 2022 | $ | 16 |  |  | $ | (19) |  |  | $ | (130) |  |  | $ | (133) |
| Other comprehensive income (loss) before reclassifications | (43) |  |  | 36 |  |  | 1 |  |  | (6) |
| Amounts reclassified from accumulated other comprehensive income | — |  |  | 7 |  |  | 2 |  |  | 9 |
Net current-period other comprehensive income (loss) | (43) |  |  | 43 |  |  | 3 |  |  | 3 |
Balance, June 30, 2022 | $ | (27) |  |  | $ | 24 |  |  | $ | (127) |  |  | $ | (130) |
__________ 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 $100 million gain, net of tax, as of June 30, 2023 related to our hedge of our investment in euro-denominated foreign operations (see Note 17 – Financial Instruments). (a)For the three months ended June 30, 2023 and 2022, the amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $5 million ($4 million, net of tax) and $4 million ($3 million, net of tax), respectively. For the six months ended June 30, 2023 and 2022, the amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $8 million ($6 million, net of tax) and $9 million ($7 million, net of tax), respectively. (b)For the three months ended June 30, 2023, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $2 million ($1 million, net of tax.) For the six months ended June 30, 2023 and 2022, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $3 million ($2 million, net of tax) and $3 million ($2 million, net of tax), respectively.

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