XML 64 R38.htm IDEA: XBRL DOCUMENT
v3.25.1

Stockholders' Equity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Equity [Abstract] |
Schedule of Components of Other Comprehensive Loss | The components of other comprehensive loss were as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Net loss |  |  |  |  | $ | (504) |  |  | $ | (113) |
Less: Net income attributable to non-controlling interests |  |  |  |  | 1 |  |  | 1 |
Net loss attributable to Avis Budget Group, Inc. |  |  |  |  | (505) |  |  | (114) |
Other comprehensive income (loss), net of tax |  |  |  |  |  |  |
Currency translation adjustments, net of tax of $14 and $(5), respectively (a) |  |  |  |  | 13 |  |  | (52) |
Net unrealized gain (loss) on cash flow hedges, net of tax of $3 and $(2), respectively |  |  |  |  | (6) |  |  | 7 |
Minimum pension liability adjustment, net of tax of $0, in each period |  |  |  |  | 1 |  |  | 1 |
|  |  |  |  | 8 |  |  | (44) |
Total comprehensive loss attributable to Avis Budget Group, Inc. |  |  |  |  | $ | (497) |  |  | $ | (158) |
__________ (a)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 as of January 1, 2025 | $ | (125) |  |  | $ | 31 |  |  | $ | (116) |  |  | $ | (210) |
Other comprehensive income (loss) before reclassifications | 13 |  |  | (2) |  |  | — |  |  | 11 |
Gross (gains) losses reclassified |  |  | (5) |  |  | 1 |  |  | (4) |
Tax on (gains) losses reclassified |  |  | 1 |  |  | — |  |  | 1 |
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax | — |  |  | (4) |  |  | 1 |  |  | (3) |
Net current-period other comprehensive income (loss) | 13 |  |  | (6) |  |  | 1 |  |  | 8 |
Balance as of March 31, 2025 | $ | (112) |  |  | $ | 25 |  |  | $ | (115) |  |  | $ | (202) |
Balance as of January 1, 2024 | $ | (3) |  |  | $ | 37 |  |  | $ | (130) |  |  | $ | (96) |
Other comprehensive income (loss) before reclassifications | (52) |  |  | 12 |  |  | — |  |  | (40) |
Gross (gains) losses reclassified |  |  | (7) |  |  | 1 |  |  | (6) |
Tax on (gains) losses reclassified |  |  | 2 |  |  | — |  |  | 2 |
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax | — |  |  | (5) |  |  | 1 |  |  | (4) |
Net current-period other comprehensive income (loss) | (52) |  |  | 7 |  |  | 1 |  |  | (44) |
Balance as of March 31, 2024 | $ | (55) |  |  | $ | 44 |  |  | $ | (129) |  |  | $ | (140) |
__________ 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 $107 million gain, net of tax, as of March 31, 2025 related to our hedge of our investment in euro-denominated foreign operations (see Note 16 – Financial Instruments). (a)Amounts reclassified to interest expense. (b)Amounts reclassified to selling, general and administrative expenses.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration