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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	Apr. 29, 2016
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Trading Symbol	CAR
Entity Registrant Name	AVIS BUDGET GROUP, INC.
Entity Central Index Key	0000723612
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		94,583,375

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues
Vehicle rental	$ 1,328	$ 1,319
Other	553	531
Net revenues	1,881	1,850
Expenses
Operating	1,040	985
Vehicle depreciation and lease charges, net	463	432
Selling, general and administrative	269	248
Vehicle interest, net	65	68
Non-vehicle related depreciation and amortization	61	49
Interest expense related to corporate debt, net	50	52
Restructuring expense	15	1
Transaction-related costs, net	4	31
Total expenses	1,967	1,866
Loss before income taxes	(86)	(16)
Benefit from income taxes	(35)	(7)
Net loss	(51)	(9)
Comprehensive income (loss)	$ 19	$ (103)
Loss per share
Basic	$ (0.53)	$ (0.09)
Diluted	$ (0.53)	$ (0.09)

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 876	$ 452
Receivables, net	662	668
Other current assets	644	507
Total current assets	2,182	1,627
Property and equipment, net	687	681
Deferred income taxes	1,556	1,488
Goodwill	1,006	973
Other intangibles, net	918	917
Other non-current assets	243	232
Total assets exclusive of assets under vehicle programs	6,592	5,918
Assets under vehicle programs:
Program cash	68	258
Vehicles, net	11,953	10,658
Receivables from vehicle manufacturers and other	334	438
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	361	362
Total assets under vehicle programs:	12,716	11,716
Total assets	19,308	17,634
Current liabilities:
Accounts payable and other current liabilities	1,574	1,485
Short-term debt and current portion of long-term debt	327	26
Total current liabilities	1,901	1,511
Long-term debt	3,511	3,435
Other non-current liabilities	764	734
Total liabilities exclusive of liabilities under vehicle programs	6,176	5,680
Liabilities under vehicle programs:
Debt	2,238	2,064
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	7,623	6,796
Deferred income taxes	2,410	2,367
Other	490	288
Total Liabilities under vehicle programs	12,761	11,515
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value—authorized 10 shares; none issued and outstanding	0	0
Common stock, $0.01 par value—authorized 250 shares; issued 137 shares, at each date	1	1
Additional paid-in capital	6,909	7,010
Accumulated deficit	(1,853)	(1,802)
Accumulated other comprehensive loss	(77)	(147)
Treasury stock, at cost—42 and 39 shares, respectively	(4,609)	(4,623)
Total stockholders’ equity	371	439
Total liabilities and stockholders’ equity	$ 19,308	$ 17,634

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock,par value	$ 0.01	$ 0.01
Preferred stock,shares authorized	10,000,000	10,000,000
Preferred stock,shares issued	0	0
Preferred stock,shares outstanding	0	0
Common stock,par value	$ 0.01	$ 0.01
Common stock,shares authorized	250,000,000	250,000,000
Common stock,shares issued	137,093,424	137,093,424
Treasury stock,shares	41,815,605	39,342,387

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities
Net loss	$ (51)	$ (9)
Adjustments to reconcile net loss to net cash provided by operating activities:
Vehicle depreciation	432	423
Gain on sale of vehicles, net	(3)	(24)
Non-vehicle related depreciation and amortization	61	49
Share-based Compensation	7	6
Amortization of debt financing fees	10	11
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:
Receivables	(11)	0
Income taxes and deferred income taxes	(45)	(15)
Accounts payable and other current liabilities	5	(20)
Other, net	58	82
Net cash provided by operating activities	463	503
Investing activities
Property and equipment additions	(40)	(41)
Proceeds received on asset sales	3	3
Net assets acquired (net of cash acquired)	(1)	(36)
Other, net	0	0
Net cash used in investing activities exclusive of vehicle programs	(38)	(74)
Vehicle programs:
Decrease in program cash	198	51
Investment in vehicles	(4,140)	(3,195)
Proceeds received on disposition of vehicles	2,776	2,444
Net cash used in investing activities of vehicle programs	1,166	700
Net cash used in investing activities	(1,204)	(774)
Financing activities
Proceeds from long-term borrowings	350	376
Payments on long-term borrowings	(5)	(6)
Net change in short-term borrowings	1	(7)
Repurchases of common stock	(86)	(33)
Debt financing fees	(5)	(6)
Other, net	0	0
Net cash provided by financing activities exclusive of vehicle programs	255	324
Vehicle programs:
Proceeds from borrowings	4,694	3,667
Payments on borrowings	(3,796)	(3,458)
Debt financing fees	(6)	(6)
Net cash provided by financing activities of vehicle programs	892	203
Net cash provided by financing activities	1,147	527
Effect of changes in exchange rates on cash and cash equivalents	18	(26)
Net increase in cash and cash equivalents	424	230
Cash and cash equivalents, beginning of period	452	624
Cash and cash equivalents, end of period	$ 876	$ 854

Basis of Presentation and Recently Issued Accounting Pronouncements

3 Months Ended

Mar. 31, 2016

Basis Of Presentation And Recently Issued Accounting Pronouncements [Abstract]

Basis of Presentation

Avis Budget Group, Inc. provides car and truck rentals, car sharing services and ancillary services to businesses and consumers worldwide. The accompanying unaudited Consolidated Condensed Financial Statements include the accounts and transactions of Avis Budget Group, Inc. and its subsidiaries, as well as entities in which Avis Budget Group, Inc. directly or indirectly has a controlling financial interest (collectively, the “Company”), and have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission for interim financial reporting.

The Company operates the following reportable business segments:


•	Americas—provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates the Company’s car sharing business in certain of these markets.


•	International—provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, Australia and New Zealand, and operates the Company’s car sharing business in certain of these markets.

The operating results of acquired businesses are included in the accompanying Consolidated Condensed Financial Statements from the dates of acquisition. In first quarter 2016, the Company completed the purchase price allocation for the acquisition of its Avis and Budget licensees in Norway, Sweden and Denmark, and there were no material adjustments to the preliminary allocation. The fair value of the assets acquired and liabilities assumed in connection with the Company’s second quarter 2015 acquisitions of its Brazilian licensee and Maggiore Group has not yet been finalized; however, there have been no significant changes to the preliminary allocation of the purchase price in first quarter 2016.

In presenting the Consolidated Condensed Financial Statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”), management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates. In management’s opinion, the Consolidated Condensed Financial Statements contain all adjustments necessary for a fair presentation of interim results reported. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These financial statements should be read in conjunction with the Company’s 2015 Form 10-K.

Vehicle Programs. The Company presents separately the financial data of its vehicle programs. These programs are distinct from the Company’s other activities since the assets under vehicle programs are generally funded through the issuance of debt that is collateralized by such assets. The income generated by these assets is used, in part, to repay the principal and interest associated with the debt. Cash inflows and outflows relating to the acquisition of such assets and the principal debt repayment or financing of such assets are classified as activities of the Company’s vehicle programs. The Company believes it is appropriate to segregate the financial data of its vehicle programs because, ultimately, the source of repayment of such debt is the realization of such assets.

Transaction-related costs, net. Transaction-related costs, net are classified separately in the Consolidated Condensed Statements of Comprehensive Income. These costs are comprised of expenses related to acquisition-related activities such as due-diligence and other advisory costs, expenses related to the integration of the acquiree’s operations with those of the Company, including the implementation of best practices and process improvements, non-cash gains and losses related to re-acquired rights, expenses related to pre-acquisition contingencies and contingent consideration related to acquisitions.

Currency Transactions. The Company records the gain or loss on foreign-currency transactions on certain intercompany loans and gain or loss on intercompany loan hedges within interest expense related to corporate debt, net. During the three months ended March 31, 2016 and 2015, the Company recorded losses of $3 million and $4 million, respectively, on such items.

Adoption of New Accounting Standards

On January 1, 2016, as a result of the issuance of a new accounting pronouncement, the Company adopted Accounting Standards Update (“ASU”) 2015-16, “Simplifying the Accounting for Measurement-Period Adjustments,” which eliminates the requirement to retrospectively account for adjustments made to provisional amounts recognized in a business combination at the acquisition date. Instead, the cumulative impact of any adjustment will be recognized in the reporting period in which the adjustment is identified. The adoption of this accounting pronouncement did not have a material impact on the Company’s Consolidated Financial Statements.

On January 1, 2016, as a result of the issuance of a new accounting pronouncement, the Company adopted ASU 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” which provides guidance for determining whether a cloud computing arrangement contains a software license that should be accounted for as internal-use software, rather than as a service contract. The adoption of this accounting pronouncement did not have a material impact on the Company’s Consolidated Financial Statements.

On January 1, 2016, as a result of the issuance of a new accounting pronouncement, the Company adopted ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” which requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued and to provide related footnote disclosures in certain circumstances. The adoption of this accounting pronouncement did not have an impact on the Company’s Consolidated Financial Statements.

Recently Issued Accounting Standards

In March 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, minimum statutory withholding requirements and classification in the statement of cash flow. ASU 2016-09 becomes effective for the Company on January 1, 2017. The Company is currently evaluating the effect of this accounting pronouncement on its Consolidated Financial Statements.

In February 2016, the FASB issued ASU 2016-02, “Leases,” which requires a lessee to recognize all long-term leases on its balance sheet as a liability for its lease obligation, measured at the present value of lease payments not yet paid, and a corresponding asset representing its right to use the underlying asset over the lease term. ASU 2016-02 becomes effective for the Company on January 1, 2019. Early adoption is permitted. The Company is currently evaluating the effect of this accounting pronouncement on its Consolidated Financial Statements.

In January 2016, the FASB issued ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities,” which makes limited amendments to the classification and measurement of financial instruments. The new standard amends certain disclosure requirements associated with the fair value of financial instruments. ASU 2016-01 becomes effective for the Company on January 1, 2018. The adoption of this accounting pronouncement is not expected to have a material impact on the Company’s Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which outlines a single model for entities to use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance. ASU 2014-09 becomes effective for the Company on January 1, 2018. The Company is currently evaluating the effect of this accounting pronouncement on its Consolidated Financial Statements.

Restructuring

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring Activities

Restructuring

In 2014, the Company committed to various strategic initiatives to identify best practices and drive efficiency throughout its organization, by reducing headcount, improving processes and consolidating functions (the “T15 restructuring”). In first quarter 2016, the Company expanded the T15 restructuring to take advantage of additional efficiency opportunities. The expanded T15 restructuring fits within the initiative’s focus areas to identify best practices and drive efficiency throughout the organization, including the consolidation of rental locations. During the three months ended March 31, 2016, as part of this process, the Company formally communicated the termination of employment to approximately 240 employees, and as of March 31, 2016, the Company had terminated approximately 100 of these employees. The costs associated with this initiative primarily represent severance, outplacement services and other costs associated with employee terminations, the majority of which have been or are expected to be settled in cash. The Company expects further restructuring expense of approximately $10 million related to this initiative to be incurred in 2016.

In conjunction with previous acquisitions, the Company identified opportunities to integrate and streamline its operations, primarily in Europe (the “Acquisition integration”). During the three months ended March 31, 2016, as part of this process, the Company formally communicated the termination of employment to approximately 70 employees, and as of March 31, 2016, the Company had terminated approximately 35 of these employees. The Company expects further restructuring expense of approximately $8 million related to this initiative to be incurred in 2016.

The following tables summarize the activity related to our restructuring liabilities:



					Americas			International			Total
Balance as of January 1, 2016					$	1		$	10		$	11
	T15 restructuring expense				7			5			12
	Acquisition integration expense				—			3			3
	T15 restructuring payment/utilization				(4		)	—			(4		)
	Acquisition integration payment				—			(8		)	(8		)
	Avis Europe restructuring payment				—			(1		)	(1		)
Balance as of March 31, 2016					$	4		$	9		$	13

		Personnel Related			Facility Related			Other ^(a)			Total
Balance as of January 1, 2016		$	10		$	1		$	—		$	11
	T15 restructuring expense	9			—			3			12
	Acquisition integration expense	3			—			—			3
	T15 restructuring payment/utilization	(1		)	—			(3		)	(4		)
	Acquisition integration payment	(8		)	—			—			(8		)
	Avis Europe restructuring payment	(1		)	—			—			(1		)
Balance as of March 31, 2016		$	12		$	1		$	—		$	13

_________


^(a)	Includes expense related to the write-down of certain vehicle assets.

Earnings Per Share Earnings Per Share (Notes)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

The following table sets forth the computation of basic and diluted loss per share (“EPS”) (shares in millions):



		Three Months Ended March 31,
		2016			2015
Net loss for basic and diluted EPS		$	(51	)	$	(9	)

Basic and diluted weighted average shares outstanding ^(a)		96.3			106.1

Loss per share:
	Basic and diluted	$	(0.53	)	$	(0.09	)

__________


^(a)	As the Company incurred a net loss for the three months ended March 31, 2016 and 2015, 0.8 million outstanding options, in each period, and 2.4 million and 2.1 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.

Other Current Assets Other Current Assets

3 Months Ended

Mar. 31, 2016

Other Current Assets Disclosure [Abstract]

Other Current Assets [Text Block]


.	Other Current Assets

Other current assets consisted of:



	As of March 31, 2016		As of December 31, 2015
Sales and use taxes	$	273	$	159
Prepaid expenses	229		192
Other	142		156
Other current assets	$	644	$	507

Intangible Assets

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets consisted of:



	As of March 31, 2016						As of December 31, 2015
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements	$	270	$	89	$	181	$	263	$	81	$	182
Customer relationships	228		75		153		222		68		154
Other	41		9		32		41		8		33
Total	$	539	$	173	$	366	$	526	$	157	$	369

Unamortized Intangible Assets
Goodwill ^(a)	$	1,006					$	973
Trademarks ^(a)	$	552					$	548

__________


^(a)	The increase in the carrying amount since December 31, 2015 reflects currency translation.

For the three months ended March 31, 2016 and 2015, amortization expense related to amortizable intangible assets was approximately $17 million and $11 million, respectively. Based on the Company’s amortizable intangible assets at March 31, 2016, the Company expects amortization expense of approximately $47 million for the remainder of 2016, $56 million for 2017, $42 million for 2018, $39 million for 2019, $39 million for 2020 and $24 million for 2021, excluding effects of currency exchange rates.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Vehicle Rental Activities

3 Months Ended

Mar. 31, 2016

Vehicle Rental Activities [Abstract]

Vehicle Rental Activities

The components of vehicles, net within assets under vehicle programs were as follows:



	As of			As of
	March 31,			December 31,
	2016			2015
Rental vehicles	$	12,262		$	11,195
Less: Accumulated depreciation	(1,347		)	(1,500		)
	10,915			9,695
Vehicles held for sale	1,038			963
Vehicles, net	$	11,953		$	10,658

The components of vehicle depreciation and lease charges, net are summarized below:



	Three Months Ended March 31,
	2016			2015
Depreciation expense	$	432		$	423
Lease charges	34			33
Gain on sale of vehicles, net	(3		)	(24		)
Vehicle depreciation and lease charges, net	$	463		$	432

At March 31, 2016 and 2015, the Company had payables related to vehicle purchases included in liabilities under vehicle programs - other of $467 million and $428 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $331 million and $246 million, respectively.

Long-term Debt and Borrowing Arrangements

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Long-term Debt and Borrowing Arrangements

Long-term and other borrowing arrangements consisted of:



		As of			As of
	Maturity Dates	March 31,			December 31,
	Maturity Dates	2016			2015
4⅞% Senior Notes ^(a)	November 2017	$	300		$	300
Floating Rate Senior Notes ^(b)	December 2017	249			249
Floating Rate Term Loan ^(c)	March 2019	968			970
6% Euro-denominated Senior Notes	March 2021	525			502
5⅛% Senior Notes	June 2022	400			400
5½% Senior Notes	April 2023	674			674
6⅜% Senior Notes	April 2024	350			—
5¼% Senior Notes	March 2025	375			375
Other ^(d)		54			46
Deferred financing fees		(57		)	(55		)
Total		3,838			3,461
Less: Short-term debt and current portion of long-term debt		327			26
Long-term debt		$	3,511		$	3,435

__________


^(a)	These notes have been called for redemption.


^(b)	The interest rate on these notes is equal to three-month LIBOR plus 275 basis points, for an aggregate rate of 3.39% at March 31, 2016; the Company has entered into an interest rate swap to hedge its interest rate exposure related to these notes at an aggregate rate of 3.58%.

^(c)

The floating rate term loan is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property. As of March 31, 2016, the floating rate term loan due 2019 bears interest at the greater of three-month LIBOR or 0.75%, plus 225 basis points, for an aggregate rate of 3.00%. The Company has entered into a swap to hedge $600 million of its interest rate exposure related to the floating rate term loan at an aggregate rate of 3.96%.


^(d)	Primarily includes leases which are secured by liens on the related assets.

In March 2016, the Company issued $350 million of 6⅜% Senior Notes due 2024 at par. The Company will use the net proceeds from the offering to redeem $300 million principal amount of its 4⅞% Senior Notes due 2017 and for general corporate purposes.

COMMITTED CREDIT FACILITIES AND AVAILABLE FUNDING ARRANGEMENTS

At March 31, 2016, the committed corporate credit facilities available to the Company and/or its subsidiaries were as follows:



	Total Capacity		Outstanding Borrowings		Letters of Credit Issued		Available Capacity
Senior revolving credit facility maturing 2018 ^(a)	$	1,800	$	—	$	882	$	918
Other facilities^(b)	3		3		—		—

__________


^(a)	The senior revolving credit facility bears interest at one-month LIBOR plus 200 basis points and is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property.


^(b)	These facilities encompass bank overdraft lines of credit, bearing interest of 1.50% to 4.50%.

At March 31, 2016, the Company had various uncommitted credit facilities available, under which it had drawn approximately $4 million, which bear interest at rates between 0.06% and 3.91%.

DEBT COVENANTS

The agreements governing the Company’s indebtedness contain restrictive covenants, including restrictions on dividends paid to the Company by certain of its subsidiaries, the incurrence of additional indebtedness by the Company and certain of its subsidiaries, acquisitions, mergers, liquidations, and sale and leaseback transactions. The Company’s senior credit facility also contains a maximum leverage ratio requirement. As of March 31, 2016, the Company is in compliance with the financial covenants governing its indebtedness.

Debt Under Vehicle Programs and Borrowing Arrangements

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Debt Under Vehicle Programs and Borrowing Arrangements

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
	March 31,			December 31,
	2016			2015
Americas - Debt due to Avis Budget Rental Car Funding ^(a)	$	7,665		$	6,837
Americas - Debt borrowings ^(a)	724			643
International - Debt borrowings ^(a)	1,325			1,187
International - Capital leases	197			238
Other	4			8
Deferred financing fees ^(b)	(54		)	(53		)
Total	$	9,861		$	8,860

__________


^(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 March 31, 2016 and December 31, 2015 were $42 million and $41 million, respectively.

In March 2016, the Company’s Avis Budget Rental Car Funding subsidiary issued $450 million in asset-backed notes at a weighted average interest rate of 3.25%. The expected final payment date of these notes is June 2021.

DEBT 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 March 31, 2016.



	Debt under Vehicle Programs
Within 1 year ^(a)	$	1,565
Between 1 and 2 years	3,161
Between 2 and 3 years	1,987
Between 3 and 4 years	1,498
Between 4 and 5 years	1,322
Thereafter	382
Total	$	9,915

__________


^(a)	Vehicle backed debt maturing within one year primarily represents term asset-backed securities.

COMMITTED CREDIT FACILITIES AND AVAILABLE FUNDING ARRANGEMENTS

As of March 31, 2016, 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		Available Capacity
Americas - Debt due to Avis Budget Rental Car Funding ^(b)	$	9,265	$	7,665	$	1,600
Americas - Debt borrowings ^(c)	1,025		724		301
International - Debt borrowings ^(d)	2,453		1,325		1,128
International - Capital leases ^(e)	224		197		27
Other	4		4		—
Total	$	12,971	$	9,915	$	3,056

__________


^(a)	Capacity is subject to maintaining sufficient assets to collateralize debt.


^(b)	The outstanding debt is collateralized by approximately $9.3 billion of underlying vehicles and related assets.


^(c)	The outstanding debt is collateralized by approximately $0.9 billion of underlying vehicles and related assets.


^(d)	The outstanding debt is collateralized by approximately $1.8 billion of underlying vehicles and related assets.


^(e)	The outstanding debt is collateralized by approximately $0.2 billion of underlying vehicles and related assets.

DEBT COVENANTS

The agreements under the Company’s vehicle-backed funding programs contain restrictive covenants, including restrictions on dividends paid to the Company by certain of its subsidiaries and restrictions on indebtedness, mergers, liens, liquidations and sale and leaseback transactions and in some cases also require compliance with certain financial requirements. As of March 31, 2016, the Company is not aware of any instances of non-compliance with any of the financial covenants contained in the debt agreements under its vehicle-backed funding programs.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contingencies In 2006, the Company completed the spin-offs of its Realogy and Wyndham subsidiaries. The Company does not believe that the impact of any resolution of pre-existing contingent liabilities in connection with the spin-offs should result in a material liability to the Company in relation to its consolidated financial position or liquidity, as Realogy and Wyndham each have agreed to assume responsibility for these liabilities. The Company is also named in litigation that is primarily related to the businesses of its former subsidiaries, including Realogy and Wyndham. The Company is entitled to indemnification from such entities for any liability resulting from such litigation. In February 2015, the French Competition Authority issued a statement of objections alleging that several car rental companies, including the Company and two of its European subsidiaries, engaged with (i) twelve French airports, the majority of which are controlled by public administrative bodies or the French state, violated competition law through the distribution by airports of company-specific statistics to car rental companies operating at those airports; and (ii) two other international car rental companies in a concerted practice relating to train station surcharges. The Company believes that it has valid defenses and intends to vigorously defend against the allegations, but it is currently unable to predict the outcome of the proceedings or range of reasonably possible losses, which may be material. Additionally, in March 2015, the Canadian Competition Bureau filed an application with the Competition Tribunal alleging that the Company and two of its Canadian subsidiaries engaged in deceptive marketing practices with regard to certain charges that consumers are invoiced related to renting a vehicle and associated products in Canada. The application seeks penalties against the Company and its subsidiaries totaling approximately $25 million as well as reimbursements to current and former customers of amounts collected and retained by the Company related to the alleged deceptive marketing practices. The Company believes that it has valid defenses and intends to vigorously defend against the allegations. The Company is involved in claims, legal proceedings and governmental inquiries related, among other things, to its vehicle rental operations, including contract and licensee disputes, competition matters, employment matters, insurance claims, intellectual property claims, business practice disputes and other regulatory, environmental, commercial and tax matters. Litigation is inherently unpredictable and, although the Company believes that its accruals are adequate and/or that it has valid defenses in these matters, unfavorable resolutions could occur. Excluding the French competition matter discussed above, the Company estimates that the potential exposure resulting from adverse outcomes of legal proceedings in which it is reasonably possible that a loss may be incurred could, in the aggregate, be up to approximately $30 million in excess of amounts accrued as of March 31, 2016; however, the Company does not believe that the impact should result in a material liability to the Company in relation to its consolidated financial condition or results of operations. Commitments to Purchase Vehicles The Company maintains agreements with vehicle manufacturers under which the Company has agreed to purchase approximately $5.2 billion of vehicles from manufacturers over the next 12 months. The majority of these commitments are subject to the vehicle manufacturers’ satisfying their obligations under their respective repurchase and guaranteed depreciation agreements. The purchase of such vehicles is financed primarily through the issuance of vehicle-backed debt and cash received upon the disposition of vehicles. Concentrations Concentrations of credit risk at March 31, 2016 include (i) risks related to the Company’s repurchase and guaranteed depreciation agreements with domestic and foreign car manufacturers, including Ford, General Motors, Chrysler, Peugeot, Volkswagen, Fiat, Kia, Toyota, Mercedes, Renault, Hyundai and BMW, and primarily with respect to receivables for program cars that have been disposed but for which the Company has not yet received payment from the manufacturers and (ii) risks related to Realogy and Wyndham, including receivables of $55 million and $33 million, respectively, related to certain contingent, income tax and other corporate liabilities assumed by Realogy and Wyndham in connection with their disposition.

Stockholders' Equity

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Share Repurchases

The Company’s Board of Directors has authorized the repurchase of up to approximately $1.2 billion of its common stock under a plan originally approved in 2013 and subsequently expanded, most recently in 2016. During the three months ended March 31, 2016, the Company repurchased approximately 3.0 million shares of common stock at a cost of approximately $80 million under the program. During the three months ended March 31, 2015, the Company repurchased approximately 0.5 million shares of common stock at a cost of approximately $31 million under the program. As of March 31, 2016, approximately $360 million of authorization remains available to repurchase common stock under this plan.

Total Comprehensive Income (Loss)

Comprehensive income consists of net income and other gains and losses affecting stockholders’ equity that, under GAAP, are excluded from net income.

The components of other comprehensive income (loss) were as follows:



		Three Months Ended March 31,
		2016			2015
Net loss		$	(51	)	$	(9	)
Other comprehensive income (loss):
	Currency translation adjustments (net of tax of $9 and $(24), respectively)	72			(92		)
	Net unrealized loss on cash flow hedges (net of tax of $2, in each period)	(3		)	(3		)
	Minimum pension liability adjustment (net of tax of $0, in each period)	1			1
		70			(94		)
Comprehensive income (loss)		$	19		$	(103	)

__________

Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.

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)			Net Unrealized Gains (Losses) on Available-for Sale Securities		Minimum Pension Liability Adjustment^(b)			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2016		$	(80	)	$	(2	)	$	—	$	(65	)	$	(147	)
	Other comprehensive income (loss) before reclassifications	72			(4		)	—		—			68
	Amounts reclassified from accumulated other comprehensive income (loss)	—			1			—		1			2
Net current-period other comprehensive income (loss)		72			(3		)	—		1			70
Balance, March 31, 2016		$	(8	)	$	(5	)	$	—	$	(64	)	$	(77	)

Balance, January 1, 2015		$	51		$	(1	)	$	2	$	(74	)	$	(22	)
	Other comprehensive income (loss) before reclassifications	(92		)	(4		)	—		2			(94		)
	Amounts reclassified from accumulated other comprehensive income (loss)	—			1			—		(1		)	—
Net current-period other comprehensive income (loss)		(92		)	(3		)	—		1			(94		)
Balance, March 31, 2015		$	(41	)	$	(4	)	$	2	$	(73	)	$	(116	)

__________

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 a $54 million gain, net of tax, as of March 31, 2016 related to the Company’s hedge of its net investment in Euro-denominated foreign operations (see Note 12 - Financial Instruments).


^(a)	For the three months ended March 31, 2016 and March 31, 2015, amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $2 million ($1 million, net of tax), in each period.


^(b)	For the three months ended March 31, 2016 and March 31, 2015, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $1 million ($1 million, net of tax), in each period.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
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+ Details

Stock-Based Compensation

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

The Company recorded stock-based compensation expense of $8 million and $5 million ($5 million and $3 million, net of tax) during the three months ended March 31, 2016 and 2015, respectively. In jurisdictions with net operating loss carryforwards, exercises and/or vestings of stock-based awards have generated $143 million of total tax deductions at March 31, 2016. Approximately $56 million of tax benefits will be recorded in additional paid-in capital when these tax deductions are realized in these jurisdictions.

The weighted average assumptions used in the Monte Carlo simulation model to calculate the fair value of the Company’s stock unit awards containing a market condition were as follows:



	Three Months Ended March 31,
	2016	2015
Expected volatility of stock price	46%	37%
Risk-free interest rate	0.99%	0.74%
Valuation period	3 years	3 years
Dividend yield	0.0%	0.0%

The activity related to the Company’s restricted stock units (“RSUs”) and cash units, consisted of (in thousands of shares):



		Time-Based RSUs				Performance-Based and Market-Based RSUs				Cash Unit Awards
		Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value		Number of Units		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2016 ^(a)		819		$	43.34	941		$	35.18	111		$	18.04
	Granted	579		25.88		523		23.29		—		—
	Vested ^(b)	(375	)	34.96		(486	)	25.12		(111	)	18.04
	Forfeited/expired	(6	)	45.92		(39	)	23.74		—		—
Outstanding at March 31, 2016 ^(c)		1,017		$	36.48	939		$	34.23	—		$	—

__________


^(a)	Reflects the maximum number of stock units assuming achievement of all time-, performance- and market-vesting criteria and does not include those for non-employee directors. The weighted-average fair value of time-based RSUs and performance-based and market-based RSUs granted during the three months ended March 31, 2015 was $61.17 and $55.51, respectively.


^(b)	The total grant date fair value of RSUs vested during the three months ended March 31, 2016 and 2015 was $25 million and $23 million, respectively. The total grant date fair value of cash units vested during the three months ended March 31, 2016 and 2015 was $2 million, in each period.

^(c)

The Company’s outstanding time-based RSUs and performance-based and market-based RSUs had aggregate intrinsic values of $28 million and $26 million, respectively. Aggregate unrecognized compensation expense related to time-based RSUs and performance-based and market-based RSUs amounted to $49 million and will be recognized over a weighted average vesting period of 1.7 years. The Company assumes that substantially all outstanding awards will vest over time.

The stock option activity consisted of (in thousands of shares):



		Number of Options		Weighted Average Exercise Price		Aggregate Intrinsic Value (in millions)		Weighted Average Remaining Contractual Term (years)
Outstanding at January 1, 2016		827		$	2.87	$	28	3.3
	Granted	—		—
	Exercised	(1	)	0.79		—
	Forfeited/expired	—		—
Outstanding and exercisable at March 31, 2016		826		$	2.87	$	20	3.0

Financial Instruments

3 Months Ended

Mar. 31, 2016

Investments, All Other Investments [Abstract]

Financial Instruments

Derivative Instruments and Hedging Activities

Currency Risk. The Company uses currency exchange contracts to manage its exposure to changes in currency exchange rates associated with its non-U.S.-dollar denominated receivables and forecasted royalties, forecasted earnings of non-U.S. subsidiaries and forecasted non-U.S.-dollar denominated acquisitions. The Company primarily hedges a portion of its current-year currency exposure to the Australian, Canadian and New Zealand dollars, the Euro and the British pound sterling. The majority of forward contracts do not qualify for hedge accounting treatment. The fluctuations in the value of these forward contracts do, however, largely offset the impact of changes in the value of the underlying risk they economically hedge. Forward contracts used to hedge forecasted third-party receipts and disbursements up to 12 months are designated and do qualify as cash flow hedges. The Company has designated its 6% Euro-denominated notes as a hedge of its investment in Euro-denominated foreign operations.

The amount of gains or losses reclassified from other comprehensive income (loss) to earnings resulting from ineffectiveness or from excluding a component of the hedges’ gain or loss from the effectiveness calculation for cash flow and net investment hedges during the three months ended March 31, 2016 and 2015, was not material, nor is the amount of gains or losses the Company expects to reclassify from accumulated other comprehensive income (loss) to earnings over the next 12 months.

Interest Rate Risk. The Company uses various hedging strategies including interest rate swaps and interest rate caps to create an appropriate mix of fixed and floating rate assets and liabilities. The Company uses interest rate swaps and interest rate caps to manage the risk related to its floating rate corporate debt and its floating rate vehicle-backed debt. The Company records the effective portion of changes in the fair value of its cash flow hedges to other comprehensive income (loss), net of tax, and subsequently reclassifies these amounts into earnings in the period during which the hedged transaction is recognized. The Company records the gains or losses related to freestanding derivatives, which are not designated as a hedge for accounting purposes, in its consolidated results of operations. The changes in fair values of hedges that are determined to be ineffective are immediately reclassified from accumulated other comprehensive income (loss) into earnings. There was no ineffectiveness related to the Company’s cash flow hedges during the three months ended March 31, 2016 and 2015. The Company estimates that $7 million of losses currently recorded in accumulated other comprehensive income (loss) will be recognized in earnings over the next 12 months.

The Company enters into derivative commodity contracts to manage its exposure to changes in the price of unleaded gasoline. Changes in the fair value of these derivatives are recorded within operating expenses.

The Company held derivative instruments with absolute notional values as follows:



	As of March 31, 2016
Interest rate caps ^(a)	$	8,674
Interest rate swaps	1,850
Foreign exchange contracts	1,054

Commodity contracts (millions of gallons of unleaded gasoline)	14

__________


^(a)	Represents $6.9 billion of interest rate caps sold, partially offset by approximately $1.8 billion of interest rate caps purchased. These amounts exclude $5.1 billion of interest rate caps purchased by the Company’s Avis Budget Rental Car Funding subsidiary as it is not consolidated by the Company.

Fair values (Level 2) of derivative instruments were as follows:



		As of March 31, 2016				As of December 31, 2015
		Fair Value, Asset Derivatives		Fair Value, Liability Derivatives		Fair Value, Asset Derivatives		Fair Value, Liability Derivatives
Derivatives designated as hedging instruments
	Interest rate swaps ^(a)	$	—	$	8	$	1	$	5

Derivatives not designated as hedging instruments
	Interest rate caps ^(b)	—		3		1		5
	Foreign exchange contracts ^(c)	4		32		16		2
	Commodity contracts ^(c)	—		1		—		1
	Total	$	4	$	44	$	18	$	13

__________

Amounts in this table exclude derivatives issued by Avis Budget Rental Car Funding; however, certain amounts related to the derivatives held by Avis Budget Rental Car Funding are included within accumulated other comprehensive income (loss).


^(a)	Included in other non-current assets or other non-current liabilities.


^(b)	Included in assets under vehicle programs or liabilities under vehicle programs.


^(c)	Included in other current assets or other current liabilities.

The effects of derivatives recognized in the Company’s Consolidated Condensed Financial Statements were as follows:



		Three Months Ended March 31,
		2016			2015
Derivatives designated as hedging instruments ^(a)
	Interest rate swaps	$	(3	)	$	(3	)
	Euro-denominated notes	(14		)	37
Derivatives not designated as hedging instruments ^(b)
	Foreign exchange contracts^(c)	(10		)	35
	Commodity contracts ^(d)	(2		)	—
	Total	$	(29	)	$	69

__________


^(a)	Recognized, net of tax, as a component of other comprehensive income (loss) within stockholders’ equity.


^(b)	Gains (losses) related to derivative instruments are expected to be largely offset by (losses) gains on the underlying exposures being hedged.


^(c)	For the three months ended March 31, 2016, included a $9 million gain in interest expense and a $19 million loss in operating expense. For the three months ended March 31, 2015, included a $21 million gain in interest expense and $14 million gain in operating expense.


^(d)	Included in operating expense.

Debt Instruments

The carrying amounts and estimated fair values (Level 2) of debt instruments were as follows:



		As of March 31, 2016				As of December 31, 2015
		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Corporate debt
	Short-term debt and current portion of long-term debt	$	327	$	332	$	26	$	26
	Long-term debt	3,511		3,505		3,435		3,478

Debt under vehicle programs
	Vehicle-backed debt due to Avis Budget Rental Car Funding	$	7,623	$	7,675	$	6,796	$	6,836
	Vehicle-backed debt	2,235		2,248		2,060		2,071
	Interest rate swaps and interest rate caps ^(a)	3		3		4		4

__________


^(a)	Derivatives in a liability position.

Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

The Company’s chief operating decision maker assesses performance and allocates resources based upon the separate financial information from the Company’s operating segments. In identifying its reportable segments, the Company considered the nature of services provided, the geographical areas in which the segments operated and other relevant factors. The Company aggregates certain of its operating segments into its reportable segments.

Management evaluates the operating results of each of its reportable segments based upon revenue and “Adjusted EBITDA,” which the Company defines as income from continuing operations before non-vehicle related depreciation and amortization, any impairment charge, restructuring expense, early extinguishment of debt costs, non-vehicle related interest, transaction-related costs and income taxes. The Company’s presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies.



			Three Months Ended March 31,
			2016					2015
			Revenues		Adjusted EBITDA			Revenues		Adjusted EBITDA
Americas			$	1,364	$	63		$	1,375	$	115
International			517		1			475		16
Corporate and Other ^(a)			—		(20		)	—		(14		)
	Total Company		$	1,881	44			$	1,850	117

Less:		Non-vehicle related depreciation and amortization			61					49
		Interest expense related to corporate debt, net			50					52
		Restructuring expense			15					1
		Transaction-related costs, net			4					31
Loss before income taxes					$	(86	)			$	(16	)

__________


^(a)	Includes unallocated corporate overhead which is not attributable to a particular segment.

Since December 31, 2015, there have been no significant changes in segment assets and segment assets under vehicle programs.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Guarantor and Non-Guarantor Consolidating Condensed Financial Statements	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	Guarantor and Non-Guarantor Consolidating Condensed Financial Statements The following consolidating financial information presents Consolidating Condensed Statements of Comprehensive Income for the three months ended March 31, 2016 and 2015, Consolidating Condensed Balance Sheets as of March 31, 2016 and December 31, 2015, and Consolidating Condensed Statements of Cash Flows for the three months ended March 31, 2016 and 2015 for: (i) Avis Budget Group, Inc. (the “Parent”); (ii) ABCR and Avis Budget Finance, Inc. (the “Subsidiary Issuers”); (iii) the guarantor subsidiaries; (iv) the non-guarantor subsidiaries; (v) elimination entries necessary to consolidate the Parent with the Subsidiary Issuers, and the guarantor and non-guarantor subsidiaries; and (vi) the Company on a consolidated basis. The Subsidiary Issuers and the guarantor and non-guarantor subsidiaries are 100% owned by the Parent, either directly or indirectly. All guarantees are full and unconditional and joint and several. This financial information is being presented in relation to the Company’s guarantee of the payment of principal, premium (if any) and interest on the notes issued by the Subsidiary Issuers. See Note 7 - Long-term Debt and Borrowing Arrangements for additional description of these guaranteed notes. The Senior Notes are guaranteed by the Parent and certain subsidiaries. Investments in subsidiaries are accounted for using the equity method of accounting for purposes of the consolidating presentation. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions. For purposes of the accompanying Consolidating Condensed Statements of Comprehensive Income, certain expenses incurred by the Subsidiary Issuers are allocated to the guarantor and non-guarantor subsidiaries.

Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events


15.	Subsequent Event

In April 2016, the Company amended its European fleet securitization program to extend its maturity to 2019 and increase its capacity to €1.4 billion (approximately $1.6 billion).

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)

3 Months Ended

Mar. 31, 2016

Basis Of Presentation And Recently Issued Accounting Pronouncements [Abstract]

Basis of Presentation

The Company operates the following reportable business segments:


•	Americas—provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates the Company’s car sharing business in certain of these markets.


•	International—provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, Australia and New Zealand, and operates the Company’s car sharing business in certain of these markets.

Vehicle Programs

Currency Transactions

Adoption of New Accounting Standards

Recently Issued Accounting Standards

Restructuring (Tables)

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Summary Of Changes To Restructuring-Related Liabilities

The following tables summarize the activity related to our restructuring liabilities:



					Americas			International			Total
Balance as of January 1, 2016					$	1		$	10		$	11
	T15 restructuring expense				7			5			12
	Acquisition integration expense				—			3			3
	T15 restructuring payment/utilization				(4		)	—			(4		)
	Acquisition integration payment				—			(8		)	(8		)
	Avis Europe restructuring payment				—			(1		)	(1		)
Balance as of March 31, 2016					$	4		$	9		$	13

		Personnel Related			Facility Related			Other ^(a)			Total
Balance as of January 1, 2016		$	10		$	1		$	—		$	11
	T15 restructuring expense	9			—			3			12
	Acquisition integration expense	3			—			—			3
	T15 restructuring payment/utilization	(1		)	—			(3		)	(4		)
	Acquisition integration payment	(8		)	—			—			(8		)
	Avis Europe restructuring payment	(1		)	—			—			(1		)
Balance as of March 31, 2016		$	12		$	1		$	—		$	13

_________


^(a)	Includes expense related to the write-down of certain vehicle assets.

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted loss per share (“EPS”) (shares in millions):



		Three Months Ended March 31,
		2016			2015
Net loss for basic and diluted EPS		$	(51	)	$	(9	)

Basic and diluted weighted average shares outstanding ^(a)		96.3			106.1

Loss per share:
	Basic and diluted	$	(0.53	)	$	(0.09	)

__________


^(a)	As the Company incurred a net loss for the three months ended March 31, 2016 and 2015, 0.8 million outstanding options, in each period, and 2.4 million and 2.1 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.

Other Current Assets (Tables)

3 Months Ended

Mar. 31, 2016

Other Current Assets Disclosure [Abstract]

Schedule of Other Current Assets [Table Text Block]



	As of March 31, 2016		As of December 31, 2015
Sales and use taxes	$	273	$	159
Prepaid expenses	229		192
Other	142		156
Other current assets	$	644	$	507

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Intangible Assets

Intangible assets consisted of:



	As of March 31, 2016						As of December 31, 2015
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized Intangible Assets
License agreements	$	270	$	89	$	181	$	263	$	81	$	182
Customer relationships	228		75		153		222		68		154
Other	41		9		32		41		8		33
Total	$	539	$	173	$	366	$	526	$	157	$	369

Unamortized Intangible Assets
Goodwill ^(a)	$	1,006					$	973
Trademarks ^(a)	$	552					$	548

__________

Vehicle Rental Activities (Tables)

3 Months Ended

Mar. 31, 2016

Vehicle Rental Activities [Abstract]

Components Of The Company's Vehicles

The components of vehicles, net within assets under vehicle programs were as follows:



	As of			As of
	March 31,			December 31,
	2016			2015
Rental vehicles	$	12,262		$	11,195
Less: Accumulated depreciation	(1,347		)	(1,500		)
	10,915			9,695
Vehicles held for sale	1,038			963
Vehicles, net	$	11,953		$	10,658

Components Of Vehicle Depreciation And Lease Charges

The components of vehicle depreciation and lease charges, net are summarized below:



	Three Months Ended March 31,
	2016			2015
Depreciation expense	$	432		$	423
Lease charges	34			33
Gain on sale of vehicles, net	(3		)	(24		)
Vehicle depreciation and lease charges, net	$	463		$	432

Long-term Debt and Borrowing Arrangements (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule Of Long-Term Debt

Long-term and other borrowing arrangements consisted of:



		As of			As of
	Maturity Dates	March 31,			December 31,
	Maturity Dates	2016			2015
4⅞% Senior Notes ^(a)	November 2017	$	300		$	300
Floating Rate Senior Notes ^(b)	December 2017	249			249
Floating Rate Term Loan ^(c)	March 2019	968			970
6% Euro-denominated Senior Notes	March 2021	525			502
5⅛% Senior Notes	June 2022	400			400
5½% Senior Notes	April 2023	674			674
6⅜% Senior Notes	April 2024	350			—
5¼% Senior Notes	March 2025	375			375
Other ^(d)		54			46
Deferred financing fees		(57		)	(55		)
Total		3,838			3,461
Less: Short-term debt and current portion of long-term debt		327			26
Long-term debt		$	3,511		$	3,435

__________


^(a)	These notes have been called for redemption.


^(b)	The interest rate on these notes is equal to three-month LIBOR plus 275 basis points, for an aggregate rate of 3.39% at March 31, 2016; the Company has entered into an interest rate swap to hedge its interest rate exposure related to these notes at an aggregate rate of 3.58%.

^(c)


^(d)	Primarily includes leases which are secured by liens on the related assets.

Schedule Of Committed Credit Facilities

At March 31, 2016, the committed corporate credit facilities available to the Company and/or its subsidiaries were as follows:



	Total Capacity		Outstanding Borrowings		Letters of Credit Issued		Available Capacity
Senior revolving credit facility maturing 2018 ^(a)	$	1,800	$	—	$	882	$	918
Other facilities^(b)	3		3		—		—

__________


^(a)	The senior revolving credit facility bears interest at one-month LIBOR plus 200 basis points and is part of the Company’s senior credit facility, which is secured by pledges of capital stock of certain subsidiaries of the Company, and liens on substantially all of the Company’s intellectual property and certain other real and personal property.


^(b)	These facilities encompass bank overdraft lines of credit, bearing interest of 1.50% to 4.50%.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Debt Under Vehicle Programs and Borrowing Arrangements (Tables)

3 Months Ended

Mar. 31, 2016

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
	March 31,			December 31,
	2016			2015
Americas - Debt due to Avis Budget Rental Car Funding ^(a)	$	7,665		$	6,837
Americas - Debt borrowings ^(a)	724			643
International - Debt borrowings ^(a)	1,325			1,187
International - Capital leases	197			238
Other	4			8
Deferred financing fees ^(b)	(54		)	(53		)
Total	$	9,861		$	8,860

__________


^(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 March 31, 2016 and December 31, 2015 were $42 million and $41 million, respectively.

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 March 31, 2016.



	Debt under Vehicle Programs
Within 1 year ^(a)	$	1,565
Between 1 and 2 years	3,161
Between 2 and 3 years	1,987
Between 3 and 4 years	1,498
Between 4 and 5 years	1,322
Thereafter	382
Total	$	9,915

__________


^(a)	Vehicle backed debt maturing within one year primarily represents term asset-backed securities.

Schedule Of Available Funding Under The Vehicle Programs

As of March 31, 2016, 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		Available Capacity
Americas - Debt due to Avis Budget Rental Car Funding ^(b)	$	9,265	$	7,665	$	1,600
Americas - Debt borrowings ^(c)	1,025		724		301
International - Debt borrowings ^(d)	2,453		1,325		1,128
International - Capital leases ^(e)	224		197		27
Other	4		4		—
Total	$	12,971	$	9,915	$	3,056

__________


^(a)	Capacity is subject to maintaining sufficient assets to collateralize debt.


^(b)	The outstanding debt is collateralized by approximately $9.3 billion of underlying vehicles and related assets.


^(c)	The outstanding debt is collateralized by approximately $0.9 billion of underlying vehicles and related assets.


^(d)	The outstanding debt is collateralized by approximately $1.8 billion of underlying vehicles and related assets.


^(e)	The outstanding debt is collateralized by approximately $0.2 billion of underlying vehicles and related assets.

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income (loss) were as follows:



		Currency Translation Adjustments			Net Unrealized Gains (Losses) on Cash Flow Hedges^(a)			Net Unrealized Gains (Losses) on Available-for Sale Securities		Minimum Pension Liability Adjustment^(b)			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2016		$	(80	)	$	(2	)	$	—	$	(65	)	$	(147	)
	Other comprehensive income (loss) before reclassifications	72			(4		)	—		—			68
	Amounts reclassified from accumulated other comprehensive income (loss)	—			1			—		1			2
Net current-period other comprehensive income (loss)		72			(3		)	—		1			70
Balance, March 31, 2016		$	(8	)	$	(5	)	$	—	$	(64	)	$	(77	)

Balance, January 1, 2015		$	51		$	(1	)	$	2	$	(74	)	$	(22	)
	Other comprehensive income (loss) before reclassifications	(92		)	(4		)	—		2			(94		)
	Amounts reclassified from accumulated other comprehensive income (loss)	—			1			—		(1		)	—
Net current-period other comprehensive income (loss)		(92		)	(3		)	—		1			(94		)
Balance, March 31, 2015		$	(41	)	$	(4	)	$	2	$	(73	)	$	(116	)

__________


^(a)	For the three months ended March 31, 2016 and March 31, 2015, amounts reclassified from accumulated other comprehensive income (loss) into corporate interest expense were $2 million ($1 million, net of tax), in each period.


^(b)	For the three months ended March 31, 2016 and March 31, 2015, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $1 million ($1 million, net of tax), in each period.

Components Of Other Comprehensive Income

The components of other comprehensive income (loss) were as follows:



		Three Months Ended March 31,
		2016			2015
Net loss		$	(51	)	$	(9	)
Other comprehensive income (loss):
	Currency translation adjustments (net of tax of $9 and $(24), respectively)	72			(92		)
	Net unrealized loss on cash flow hedges (net of tax of $2, in each period)	(3		)	(3		)
	Minimum pension liability adjustment (net of tax of $0, in each period)	1			1
		70			(94		)
Comprehensive income (loss)		$	19		$	(103	)

__________

Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary Of Share Based Payment Other Than Options Valuation Assumptions



	Three Months Ended March 31,
	2016	2015
Expected volatility of stock price	46%	37%
Risk-free interest rate	0.99%	0.74%
Valuation period	3 years	3 years
Dividend yield	0.0%	0.0%

Stock Based Compensation Activity

The activity related to the Company’s restricted stock units (“RSUs”) and cash units, consisted of (in thousands of shares):



		Time-Based RSUs				Performance-Based and Market-Based RSUs				Cash Unit Awards
		Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value		Number of Units		Weighted Average Grant Date Fair Value
Outstanding at January 1, 2016 ^(a)		819		$	43.34	941		$	35.18	111		$	18.04
	Granted	579		25.88		523		23.29		—		—
	Vested ^(b)	(375	)	34.96		(486	)	25.12		(111	)	18.04
	Forfeited/expired	(6	)	45.92		(39	)	23.74		—		—
Outstanding at March 31, 2016 ^(c)		1,017		$	36.48	939		$	34.23	—		$	—

__________


^(a)	Reflects the maximum number of stock units assuming achievement of all time-, performance- and market-vesting criteria and does not include those for non-employee directors. The weighted-average fair value of time-based RSUs and performance-based and market-based RSUs granted during the three months ended March 31, 2015 was $61.17 and $55.51, respectively.


^(b)	The total grant date fair value of RSUs vested during the three months ended March 31, 2016 and 2015 was $25 million and $23 million, respectively. The total grant date fair value of cash units vested during the three months ended March 31, 2016 and 2015 was $2 million, in each period.

^(c)

Summary Of Share Based Compensation Shares Authorized Under Stock Option Plans By Exercise Price Range

The stock option activity consisted of (in thousands of shares):



		Number of Options		Weighted Average Exercise Price		Aggregate Intrinsic Value (in millions)		Weighted Average Remaining Contractual Term (years)
Outstanding at January 1, 2016		827		$	2.87	$	28	3.3
	Granted	—		—
	Exercised	(1	)	0.79		—
	Forfeited/expired	—		—
Outstanding and exercisable at March 31, 2016		826		$	2.87	$	20	3.0

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Investments, All Other Investments [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The carrying amounts and estimated fair values (Level 2) of debt instruments were as follows:



		As of March 31, 2016				As of December 31, 2015
		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Corporate debt
	Short-term debt and current portion of long-term debt	$	327	$	332	$	26	$	26
	Long-term debt	3,511		3,505		3,435		3,478

Debt under vehicle programs
	Vehicle-backed debt due to Avis Budget Rental Car Funding	$	7,623	$	7,675	$	6,796	$	6,836
	Vehicle-backed debt	2,235		2,248		2,060		2,071
	Interest rate swaps and interest rate caps ^(a)	3		3		4		4

__________


^(a)	Derivatives in a liability position.

Schedule of Notional Amounts of Outstanding Derivative Positions

The Company held derivative instruments with absolute notional values as follows:



	As of March 31, 2016
Interest rate caps ^(a)	$	8,674
Interest rate swaps	1,850
Foreign exchange contracts	1,054

Commodity contracts (millions of gallons of unleaded gasoline)	14

__________


^(a)	Represents $6.9 billion of interest rate caps sold, partially offset by approximately $1.8 billion of interest rate caps purchased. These amounts exclude $5.1 billion of interest rate caps purchased by the Company’s Avis Budget Rental Car Funding subsidiary as it is not consolidated by the Company.

Fair Value Of Derivative Instruments

Fair values (Level 2) of derivative instruments were as follows:



		As of March 31, 2016				As of December 31, 2015
		Fair Value, Asset Derivatives		Fair Value, Liability Derivatives		Fair Value, Asset Derivatives		Fair Value, Liability Derivatives
Derivatives designated as hedging instruments
	Interest rate swaps ^(a)	$	—	$	8	$	1	$	5

Derivatives not designated as hedging instruments
	Interest rate caps ^(b)	—		3		1		5
	Foreign exchange contracts ^(c)	4		32		16		2
	Commodity contracts ^(c)	—		1		—		1
	Total	$	4	$	44	$	18	$	13

__________


^(a)	Included in other non-current assets or other non-current liabilities.


^(b)	Included in assets under vehicle programs or liabilities under vehicle programs.


^(c)	Included in other current assets or other current liabilities.

Derivative Instruments, Gain (Loss) [Table Text Block]

The effects of derivatives recognized in the Company’s Consolidated Condensed Financial Statements were as follows:



		Three Months Ended March 31,
		2016			2015
Derivatives designated as hedging instruments ^(a)
	Interest rate swaps	$	(3	)	$	(3	)
	Euro-denominated notes	(14		)	37
Derivatives not designated as hedging instruments ^(b)
	Foreign exchange contracts^(c)	(10		)	35
	Commodity contracts ^(d)	(2		)	—
	Total	$	(29	)	$	69

__________


^(a)	Recognized, net of tax, as a component of other comprehensive income (loss) within stockholders’ equity.


^(b)	Gains (losses) related to derivative instruments are expected to be largely offset by (losses) gains on the underlying exposures being hedged.


^(c)	For the three months ended March 31, 2016, included a $9 million gain in interest expense and a $19 million loss in operating expense. For the three months ended March 31, 2015, included a $21 million gain in interest expense and $14 million gain in operating expense.


^(d)	Included in operating expense.

Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Summary Of Segments Information



			Three Months Ended March 31,
			2016					2015
			Revenues		Adjusted EBITDA			Revenues		Adjusted EBITDA
Americas			$	1,364	$	63		$	1,375	$	115
International			517		1			475		16
Corporate and Other ^(a)			—		(20		)	—		(14		)
	Total Company		$	1,881	44			$	1,850	117

Less:		Non-vehicle related depreciation and amortization			61					49
		Interest expense related to corporate debt, net			50					52
		Restructuring expense			15					1
		Transaction-related costs, net			4					31
Loss before income taxes					$	(86	)			$	(16	)

__________

Guarantor and Non-Guarantor Consolidating Condensed Financial Statements (Tables)

3 Months Ended

Mar. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Consolidating Condensed Statements of Comprehensive Income

Three Months Ended March 31, 2016



			Parent			Subsidiary Issuers			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Revenues
	Vehicle rental		$	—		$	—		$	929		$	399		$	—		$	1,328
	Other		—			—			271			794			(512		)	553
Net revenues			—			—			1,200			1,193			(512		)	1,881

Expenses
	Operating		1			10			628			401			—			1,040
	Vehicle depreciation and lease charges, net		—			—			461			467			(465		)	463
	Selling, general and administrative		10			5			149			105			—			269
	Vehicle interest, net		—			—			45			67			(47		)	65
	Non-vehicle related depreciation and amortization		—			1			37			23			—			61
	Interest expense related to corporate debt, net:
		Interest expense	—			39			1			10			—			50
		Intercompany interest expense (income)	(3		)	(3		)	6			—			—			—
	Restructuring expense		—			—			6			9			—			15
	Transaction-related costs, net		—			1			—			3			—			4
Total expenses			8			53			1,333			1,085			(512		)	1,967
Income (loss) before income taxes and equity in earnings of subsidiaries			(8		)	(53		)	(133		)	108			—			(86		)
Benefit from income taxes			(3		)	(21		)	(5		)	(6		)	—			(35		)
Equity in earnings (loss) of subsidiaries			(46		)	(14		)	114			—			(54		)	—
Net income (loss)			$	(51	)	$	(46	)	$	(14	)	$	114		$	(54	)	$	(51	)

Comprehensive income			$	19		$	24		$	58		$	185		$	(267	)	$	19

Three Months Ended March 31, 2015



			Parent			Subsidiary Issuers			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Revenues
	Vehicle rental		$	—		$	—		$	942		$	377	$	—		$	1,319
	Other		—			—			267			753		(489		)	531
Net revenues			—			—			1,209			1,130		(489		)	1,850

Expenses
	Operating		—			4			608			373		—			985
	Vehicle depreciation and lease charges, net		—			—			436			431		(435		)	432
	Selling, general and administrative		8			3			140			97		—			248
	Vehicle interest, net		—			—			49			73		(54		)	68
	Non-vehicle related depreciation and amortization		—			—			33			16		—			49
	Interest expense related to corporate debt, net:
		Interest expense	—			40			1			11		—			52
		Intercompany interest expense (income)	(3		)	(2		)	—			5		—			—
	Transaction-related costs, net		—			6			1			24		—			31
	Restructuring expense		—			—			1			—		—			1
Total expenses			5			51			1,269			1,030		(489		)	1,866
Income (loss) before income taxes and equity in earnings of subsidiaries			(5		)	(51		)	(60		)	100		—			(16		)
Provision for (benefit from) income taxes			(2		)	(20		)	8			7		—			(7		)
Equity in earnings (loss) of subsidiaries			(6		)	25			93			—		(112		)	—
Net income (loss)			$	(9	)	$	(6	)	$	25		$	93	$	(112	)	$	(9	)

Comprehensive income (loss)			$	(103	)	$	(100	)	$	(67	)	$	1	$	166		$	(103	)

Schedule Of Condensed Consolidating Balance Sheet Table

As of December 31, 2015



		Parent		Subsidiary Issuers		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
	Cash and cash equivalents	$	4	$	70	$	—	$	378	$	—		$	452
	Receivables, net	—		—		212		456		—			668
	Other current assets	2		78		83		344		—			507
Total current assets		6		148		295		1,178		—			1,627

Property and equipment, net		—		134		345		202		—			681
Deferred income taxes		20		1,246		253		—		(31		)	1,488
Goodwill		—		—		487		486		—			973
Other intangibles, net		—		30		525		362		—			917
Other non-current assets		93		15		17		107		—			232
Intercompany receivables		160		367		1,070		696		(2,293		)	—
Investment in subsidiaries		272		3,426		3,680		—		(7,378		)	—
Total assets exclusive of assets under vehicle programs		551		5,366		6,672		3,031		(9,702		)	5,918

Assets under vehicle programs:
	Program cash	—		—		—		258		—			258
	Vehicles, net	—		18		78		10,562		—			10,658
	Receivables from vehicle manufacturers and other	—		—		—		438		—			438
	Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party	—		—		—		362		—			362
		—		18		78		11,620		—			11,716
Total assets		$	551	$	5,384	$	6,750	$	14,651	$	(9,702	)	$	17,634

Liabilities and stockholders’ equity
Current liabilities:
	Accounts payable and other current liabilities	$	24	$	180	$	471	$	810	$	—		$	1,485
	Short-term debt and current portion of long-term debt	—		14		5		7		—			26
Total current liabilities		24		194		476		817		—			1,511

Long-term debt		—		2,932		2		501		—			3,435
Other non-current liabilities		88		85		237		355		(31		)	734
Intercompany payables		—		1,897		336		60		(2,293		)	—
Total liabilities exclusive of liabilities under vehicle programs		112		5,108		1,051		1,733		(2,324		)	5,680

Liabilities under vehicle programs:
	Debt	—		4		74		1,986		—			2,064
	Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	—		—		—		6,796		—			6,796
	Deferred income taxes	—		—		2,199		168		—			2,367
	Other	—		—		—		288		—			288
		—		4		2,273		9,238		—			11,515
Total stockholders’ equity		439		272		3,426		3,680		(7,378		)	439
Total liabilities and stockholders’ equity		$	551	$	5,384	$	6,750	$	14,651	$	(9,702	)	$	17,634

As of March 31, 2016



		Parent		Subsidiary Issuers		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
	Cash and cash equivalents	$	4	$	351	$	—	$	521	$	—		$	876
	Receivables, net	—		—		226		436		—			662
	Other current assets	3		102		92		447		—			644
Total current assets		7		453		318		1,404		—			2,182

Property and equipment, net		—		140		346		201		—			687
Deferred income taxes		20		1,301		254		—		(19		)	1,556
Goodwill		—		—		487		519		—			1,006
Other intangibles, net		—		29		519		370		—			918
Other non-current assets		96		13		21		113		—			243
Intercompany receivables		162		373		1,139		733		(2,407		)	—
Investment in subsidiaries		184		3,481		3,732		—		(7,397		)	—
Total assets exclusive of assets under vehicle programs		469		5,790		6,816		3,340		(9,823		)	6,592

Assets under vehicle programs:
	Program cash	—		—		—		68		—			68
	Vehicles, net	—		19		76		11,858		—			11,953
	Receivables from vehicle manufacturers and other	—		1		1		332		—			334
	Investment in Avis Budget Rental Car Funding (AESOP) LLC-related party	—		—		—		361		—			361
		—		20		77		12,619		—			12,716
Total assets		$	469	$	5,810	$	6,893	$	15,959	$	(9,823	)	$	19,308

Liabilities and stockholders’ equity
Current liabilities:
	Accounts payable and other current liabilities	$	8	$	207	$	511	$	848	$	—		$	1,574
	Short-term debt and current portion of long-term debt	—		315		4		8		—			327
Total current liabilities		8		522		515		856		—			1,901

Long-term debt		—		2,984		2		525		—			3,511
Other non-current liabilities		90		85		240		368		(19		)	764
Intercompany payables		—		2,032		342		33		(2,407		)	—
Total liabilities exclusive of liabilities under vehicle programs		98		5,623		1,099		1,782		(2,426		)	6,176

Liabilities under vehicle programs:
	Debt	—		3		72		2,163		—			2,238
	Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	—		—		—		7,623		—			7,623
Deferred income taxes		—		—		2,240		170		—			2,410
Other		—		—		1		489		—			490
		—		3		2,313		10,445		—			12,761
Total stockholders’ equity		371		184		3,481		3,732		(7,397		)	371
Total liabilities and stockholders’ equity		$	469	$	5,810	$	6,893	$	15,959	$	(9,823	)	$	19,308

Consolidating Condensed Statements Of Cash Flows

Three Months Ended March 31, 2015



	Parent			Subsidiary Issuers			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash provided by operating activities	$	—		$	12		$	45		$	446		$	—		$	503

Investing activities
Property and equipment additions	—			(4		)	(19		)	(18		)	—			(41		)
Proceeds received on asset sales	—			1			—			2			—			3
Net assets acquired (net of cash acquired)	—			—			—			(36		)	—			(36		)
Intercompany loan receipts (advances)	—			—			(24		)	—			24			—
Other, net	33			—			1			—			(34		)	—
Net cash provided by (used in) investing activities exclusive of vehicle programs	33			(3		)	(42		)	(52		)	(10		)	(74		)

Vehicle programs:
Decrease in program cash	—			—			—			51			—			51
Investment in vehicles	—			(3		)	—			(3,192		)	—			(3,195		)
Proceeds received on disposition of vehicles	—			4			—			2,440			—			2,444
	—			1			—			(701		)	—			(700		)
Net cash provided by (used in) investing activities	33			(2		)	(42		)	(753		)	(10		)	(774		)

Financing activities
Proceeds from long-term borrowings	—			375			—			1			—			376
Payments on long-term borrowings	—			(4		)	(1		)	(1		)	—			(6		)
Net change in short-term borrowings	—			—			—			(7		)	—			(7		)
Intercompany loan borrowings (payments)	—			—			—			24			(24		)	—
Repurchases of common stock	(33		)	—			—			—			—			(33		)
Debt financing fees	—			(6		)	—			—			—			(6		)
Other, net	—			(33		)	—			(1		)	34			—
Net cash provided by (used in) financing activities exclusive of vehicle programs	(33		)	332			(1		)	16			10			324

Vehicle programs:
Proceeds from borrowings	—			—			—			3,667			—			3,667
Payments on borrowings	—			—			(2		)	(3,456		)	—			(3,458		)
Debt financing fees	—			—			—			(6		)	—			(6		)
	—			—			(2		)	205			—			203
Net cash provided by (used in) financing activities	(33		)	332			(3		)	221			10			527

Effect of changes in exchange rates on cash and cash equivalents	—			—			—			(26		)	—			(26		)

Net increase (decrease) in cash and cash equivalents	—			342			—			(112		)	—			230
Cash and cash equivalents, beginning of period	2			210			—			412			—			624
Cash and cash equivalents, end of period	$	2		$	552		$	—		$	300		$	—		$	854

Three Months Ended March 31, 2016



	Parent			Subsidiary Issuers			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net cash provided by (used in) operating activities	$	—		$	17		$	(2	)	$	448		$	—		$	463

Investing activities
Property and equipment additions	—			(4		)	(21		)	(15		)	—			(40		)
Proceeds received on asset sales	—			2			—			1			—			3
Net assets acquired (net of cash acquired)	—			—			—			(1		)	—			(1		)
Intercompany loan receipts (advances)	—			—			27			—			(27		)	—
Other, net	86			—			—			—			(86		)	—
Net cash provided by (used in) investing activities exclusive of vehicle programs	86			(2		)	6			(15		)	(113		)	(38		)

Vehicle programs:
Decrease in program cash	—			—			—			198			—			198
Investment in vehicles	—			—			(1		)	(4,139		)	—			(4,140		)
Proceeds received on disposition of vehicles	—			11			—			2,765			—			2,776
	—			11			(1		)	(1,176		)	—			(1,166		)
Net cash provided by (used in) investing activities	86			9			5			(1,191		)	(113		)	(1,204		)

Financing activities
Proceeds from long-term borrowings	—			350			—			—			—			350
Payments on long-term borrowings	—			(4		)	(1		)				—			(5		)
Net change in short-term borrowings	—			—			—			1			—			1
Intercompany loan borrowings (payments)	—			—			—			(27		)	27			—
Repurchases of common stock	(86		)	—			—			—			—			(86		)
Debt financing fees	—			(5		)	—			—			—			(5		)
Other, net	—			(86		)	—			—			86			—
Net cash provided by (used in) financing activities exclusive of vehicle programs	(86		)	255			(1		)	(26		)	113			255

Vehicle programs:
Proceeds from borrowings	—			—			—			4,694			—			4,694
Payments on borrowings	—			—			(2		)	(3,794		)	—			(3,796		)
Debt financing fees	—			—			—			(6		)	—			(6		)
	—			—			(2		)	894			—			892
Net cash provided by (used in) financing activities	(86		)	255			(3		)	868			113			1,147

Effect of changes in exchange rates on cash and cash equivalents	—			—			—			18			—			18

Net increase in cash and cash equivalents	—			281			—			143			—			424
Cash and cash equivalents, beginning of period	4			70			—			378			—			452
Cash and cash equivalents, end of period	$	4		$	351		$	—		$	521		$	—		$	876

Basis Of Presentation And Recently Issued Accounting Pronouncements (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Basis Of Presentation And Recently Issued Accounting Pronouncements [Abstract]
Net unrealized gain or loss on foreign-currency transactions of intercompany loan hedges	$ (3)	$ (4)

Restructuring (Narrative) (Detail) $ in Millions	3 Months Ended
Restructuring (Narrative) (Detail) $ in Millions	Mar. 31, 2016 USD ($) Employee
2014 T15 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated	240
Restructuring and Related Cost, Number of Positions Eliminated	100
Restructuring and Related Cost, Expected Cost \| $	$ 10
2015 Acquisition Integration [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated	70
Restructuring and Related Cost, Number of Positions Eliminated	35
Restructuring and Related Cost, Expected Cost \| $	$ 8

Restructuring (Summary Of Changes To Restructuring-Related Liabilities) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016	$ 11
Restructuring expense	15	$ 1
Balance as of March 31, 2016	13
Americas
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016	1
Balance as of March 31, 2016	4
International
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016	10
Balance as of March 31, 2016	9
2014 T15 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	12
Payment for Restructuring	(4)
2014 T15 Restructuring [Member] \| Americas
Restructuring Reserve [Roll Forward]
Restructuring expense	7
Payment for Restructuring	(4)
2014 T15 Restructuring [Member] \| International
Restructuring Reserve [Roll Forward]
Restructuring expense	5
Payment for Restructuring	0
2015 Acquisition Integration [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	3
Payment for Restructuring	(8)
2015 Acquisition Integration [Member] \| Americas
Restructuring Reserve [Roll Forward]
Restructuring expense	0
Payment for Restructuring	0
2015 Acquisition Integration [Member] \| International
Restructuring Reserve [Roll Forward]
Restructuring expense	3
Payment for Restructuring	(8)
2011 Avis Europe Restructuring [Member]
Restructuring Reserve [Roll Forward]
Payment for Restructuring	(1)
2011 Avis Europe Restructuring [Member] \| Americas
Restructuring Reserve [Roll Forward]
Payment for Restructuring	0
2011 Avis Europe Restructuring [Member] \| International
Restructuring Reserve [Roll Forward]
Payment for Restructuring	(1)
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016	10
Balance as of March 31, 2016	12
Employee Severance [Member] \| 2014 T15 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	9
Payment for Restructuring	(1)
Employee Severance [Member] \| 2015 Acquisition Integration [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	3
Payment for Restructuring	(8)
Employee Severance [Member] \| 2011 Avis Europe Restructuring [Member]
Restructuring Reserve [Roll Forward]
Payment for Restructuring	(1)
Facility Related [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016	1
Balance as of March 31, 2016	1
Facility Related [Member] \| 2014 T15 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	0
Payment for Restructuring	0
Facility Related [Member] \| 2015 Acquisition Integration [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	0
Payment for Restructuring	0
Facility Related [Member] \| 2011 Avis Europe Restructuring [Member]
Restructuring Reserve [Roll Forward]
Payment for Restructuring	0
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Balance as of January 1, 2016	0
Balance as of March 31, 2016	0
Other Restructuring [Member] \| 2014 T15 Restructuring [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	3
Payment for Restructuring	(3)
Other Restructuring [Member] \| 2015 Acquisition Integration [Member]
Restructuring Reserve [Roll Forward]
Restructuring expense	0
Payment for Restructuring	0
Other Restructuring [Member] \| 2011 Avis Europe Restructuring [Member]
Restructuring Reserve [Roll Forward]
Payment for Restructuring	$ 0

Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net loss for basic and diluted EPS	$ (51)	$ (9)
Basic and diluted weighted average shares outstanding (a)	96,300,000	106,100,000
Basic	$ (0.53)	$ (0.09)
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.8	800,000
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.4	2.1

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

Earnings Per Share Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net Income (Loss) Available to Common Stockholders, Diluted	$ (51)	$ (9)
Weighted Average Number of Shares Outstanding, Diluted	96,300,000	106,100,000
Diluted	$ (0.53)	$ (0.09)
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.8	800,000

Other Current Assets (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Other Current Assets Disclosure [Abstract]
Value Added Tax Receivable, Current	$ 273	$ 159
Prepaid Expense, Current	229	192
Other Assets, Miscellaneous, Current	142	156
Other current assets	$ 644	$ 507

Intangible Assets (Schedule Of Intangible Assets) (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	$ 539	$ 526
Amortized Intangible Assets, Accumulated Amortization	173	157
Amortized Intangible Assets, Net Carrying Amount	366	369
Unamortized Intangible Assets, Goodwill, Gross Carrying Amount	1,006	973
License Agreements [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	270	263
Amortized Intangible Assets, Accumulated Amortization	89	81
Amortized Intangible Assets, Net Carrying Amount	181	182
Customer Relationships [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	228	222
Amortized Intangible Assets, Accumulated Amortization	75	68
Amortized Intangible Assets, Net Carrying Amount	153	154
Other Intangible Assets [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Carrying Amount	41	41
Amortized Intangible Assets, Accumulated Amortization	9	8
Amortized Intangible Assets, Net Carrying Amount	32	33
Goodwill [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Unamortized Intangible Assets, Goodwill, Gross Carrying Amount	1,006	973
Trademarks [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Unamortized Intangible Assets, Trademarks, Gross Carrying Amount	$ 552	$ 548

Intangible Assets (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization expense relating to all intangible assets	$ 17	$ 11
Amortization expense for remainder of the year	47
Intangible assets amortization expense, year one	56
Intangible assets amortization expense, year two	42
Intangible assets amortization expense, year three	39
Intangible assets amortization expense, year four	39
Intangible assets amortization expense, year five	$ 24

Vehicle Rental Activities (Components Of The Company's Vehicles) (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Vehicle Rental Activities [Abstract]
Rental vehicles	$ 12,262	$ 11,195
Less: Accumulated depreciation	(1,347)	(1,500)
Rental Vehicles Net, Total	10,915	9,695
Vehicles held for sale	1,038	963
Vehicles, net	11,953	$ 10,658
Accounts Payable, Other, Current	467		$ 428
Other Receivables	$ 331		$ 246

Vehicle Rental Activities (Components Of Vehicle Depreciation And Lease Charges) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Vehicle Rental Activities [Abstract]
Other Receivables	$ 331	$ 246
Depreciation expense	432	423
Lease charges	34	33
Gain on sale of vehicles, net	(3)	(24)
Vehicle depreciation and lease charges, net	$ 463	$ 432

Long-Term Debt And Borrowing Arrangements (Schedule Of Long-Term Debt) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Other	$ 54	$ 46
Deferred Finance Costs, Net	(57)	(55)
Long-term Debt	3,838	3,461
Long-term Debt, Current Maturities	327	26
Long-term debt	3,511	3,435
Four And Seven Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 300	300
Debt Instrument, Maturity Date, Description	November 2017
Four And Seven Over Eight Senior Notes [Member] \| Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	4.875%
Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.96%
Long-term debt	$ 968	970
Debt Instrument, Maturity Date, Description	March 2019
Debt Instrument, Description of Variable Rate Basis	225 basis points
Percentage Of Margin Aggregate Interest Rate	3.00%
Six Euro-Denominated Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 525	502
Debt Instrument, Maturity Date, Description	March 2021
Six Euro-Denominated Senior Notes [Member] \| Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	6.00%
Five and One over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 400	400
Debt Instrument, Maturity Date, Description	June 2022
Five and One over Eight Senior Notes [Member] \| Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	5.125%
Five And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 674	674
Debt Instrument, Maturity Date, Description	April 2023
Five And One Over Two Senior Notes [Member] \| Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	5.50%
Six And Three Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 350	0
Debt Instrument, Maturity Date, Description	April 2024
Six And Three Over Eight Senior Notes [Member] \| Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	6.375%
Five And One Over Four Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 375	375
Debt Instrument, Maturity Date, Description	March 2025
Five And One Over Four Senior Notes [Member] \| Long Term Borrowings [Member]
Debt Instrument [Line Items]
Debt instrument stated interest percentage	5.25%
Senior Notes [Member] \| Four And Seven Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 300
Senior Notes [Member] \| Floating Rate Senior Notes Due December 2017 [Member]
Debt Instrument [Line Items]
Long-term debt	$ 249	$ 249
Debt Instrument, Maturity Date, Description	December 2017
Percentage Of Margin Aggregate Interest Rate	3.39%

Long-Term Debt And Borrowing Arrangements (Schedule Of Long-Term Debt) (Detail Section)	3 Months Ended
	Mar. 31, 2016 USD ($)
Floating Rate Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	275 basis points
Debt Instrument, Basis Spread on Variable Rate	3.58%
Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	225 basis points
Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	225 basis points
Percentage Of Margin Aggregate Interest Rate	3.00%
Debt Instrument, Basis Spread on Variable Rate	3.96%
Floating rate	0.75%
Long Term Borrowings [Member] \| Five And One Over Four Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.25%
Long Term Borrowings [Member] \| Five and One over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.125%
Long Term Borrowings [Member] \| Five And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.50%
Long Term Borrowings [Member] \| Six And Three Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.375%
Senior Notes [Member] \| Floating Rate Senior Notes Due December 2017 [Member]
Debt Instrument [Line Items]
Percentage Of Margin Aggregate Interest Rate	3.39%
Loans Payable [Member] \| Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Derivative, Amount of Hedged Item	$ 600,000,000
Minimum [Member] \| Bank Overdraft [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period	1.50%
Maximum [Member] \| Bank Overdraft [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period	4.50%

Long-Term Debt And Borrowing Arrangements (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Other Long-term Debt	$ 54	$ 46
Deferred Finance Costs, Net	(57)	(55)
Long-term Debt	$ 3,838	3,461
Uncommitted Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period	0.06%
Uncommitted Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate During Period	3.91%
Six And Three Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description	April 2024
Long-term Debt, Gross	$ 350	0
Six And Three Over Eight Senior Notes [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 350
Floating Rate Term Loan Due March Two Thousand Nineteen [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description	March 2019
Long-term Debt, Gross	$ 968	970
Debt Instrument, Description of Variable Rate Basis	225 basis points
Floating Rate Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	275 basis points
Five and One over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description	June 2022
Long-term Debt, Gross	$ 400	400
Five And One Over Two Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description	April 2023
Long-term Debt, Gross	$ 674	674
Four And Seven Over Eight Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date, Description	November 2017
Long-term Debt, Gross	$ 300	$ 300
Four And Seven Over Eight Senior Notes [Member] \| Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 300

Long-Term Debt And Borrowing Arrangements (Schedule Of Committed Credit Facilities) (Detail) $ in Millions	Mar. 31, 2016 USD ($)
Revolving Credit Facility Maturing Two Thousand Sixteen [Member]
Line of Credit Facility [Line Items]
Total Capacity	$ 1,800
Outstanding Borrowings	0
Letters of Credit Issued	882
Available Capacity	918
Other Facilities [Member]
Line of Credit Facility [Line Items]
Total Capacity	3
Outstanding Borrowings	3
Letters of Credit Issued	0
Available Capacity	$ 0

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Long-Term Debt And Borrowing Arrangements (Schedule Of Committed Credit Facilities) (Detail Section) $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($)
Line of Credit Facility [Line Items]
Amounts drawn under uncommitted credit facilities	$ 4
Minimum [Member] \| Bank Overdraft [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	1.50%
Minimum [Member] \| Uncommitted Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	0.06%
Maximum [Member] \| Bank Overdraft [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	4.50%
Maximum [Member] \| Uncommitted Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	3.91%

Debt Under Vehicle Programs And Borrowing Arrangements (Schedule Of Debt Under Vehicle Programs) (Detail) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Debt under vehicle programs	$ 9,861,000,000	$ 8,860,000,000
Deferred Finance Costs, Net	(57,000,000)	(55,000,000)
Debt Due To Avis Budget Rental Car Funding (Member)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	9,300,000,000
Debt under vehicle programs	7,665,000,000	6,837,000,000
Deferred Finance Costs, Net	42,000,000	41,000,000
Americas Debt Borrowings [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	900,000,000
Debt under vehicle programs	724,000,000	643,000,000
International Debt Borrowings [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	1,800,000,000
Debt under vehicle programs	1,325,000,000	1,187,000,000
International Capital Leases [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	200,000,000
Debt under vehicle programs	197,000,000	238,000,000
Other (Member)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Debt under vehicle programs	4,000,000	8,000,000
Debt Under Vehicle Programs [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Deferred Finance Costs, Net	$ (54,000,000)	$ (53,000,000)

Debt Under Vehicle Programs And Borrowing Arrangements (Schedule Of Contractual Maturities) (Detail) $ in Millions	Mar. 31, 2016 USD ($)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Vehicle Program Debt Amount Outstanding	$ 9,915
Vehicle backed debt [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Within 1 year (a)	1,565
Between 1 and 2 years	3,161
Between 2 and 3 years	1,987
Between 3 and 4 years	1,498
Between 4 and 5 years	1,322
Thereafter	382
Vehicle Program Debt Amount Outstanding	$ 9,915

Debt Under Vehicle Programs And Borrowing Arrangements (Schedule Of Available Funding Under The Vehicle Programs) (Detail)	Mar. 31, 2016 USD ($)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	$ 12,971,000,000
Outstanding Borrowings	9,915,000,000
Available Capacity	3,056,000,000
Debt Due To Avis Budget Rental Car Funding (Member)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	9,265,000,000
Outstanding Borrowings	7,665,000,000
Available Capacity	1,600,000,000
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	9,300,000,000
Americas Debt Borrowings [Member]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	1,025,000,000
Outstanding Borrowings	724,000,000
Available Capacity	301,000,000
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	900,000,000
International Debt Borrowings [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	2,453,000,000
Outstanding Borrowings	1,325,000,000
Available Capacity	1,128,000,000
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	1,800,000,000
International Capital Leases [Domain]
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	224,000,000
Outstanding Borrowings	197,000,000
Available Capacity	27,000,000
Leasing Vehicles And Related Assets Pledged As Collateralized Debt	200,000,000
Other (Member)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Total Capacity (a)	4,000,000
Outstanding Borrowings	4,000,000
Available Capacity	$ 0

Debt Under Vehicle Programs and Borrowing Arrangements Debt Under Vehicle Programs and Borrowing Arrangements (Details) - Debt Due To Avis Budget Rental Car Funding (Member) $ in Millions	Mar. 31, 2016 USD ($)
Debt Under Vehicle Programs And Borrowing Arrangements [Line Items]
Asset-Backed Securities, at Carrying Value	$ 450
Debt, Weighted Average Interest Rate	3.25%

Commitments And Contingencies (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule Of Commitments And Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 25
Loss Contingency, Range of Possible Loss, Portion Not Accrued	30
Purchase obligation over the next twelve months	5,200
Other Receivables	331	$ 246
Realogy [Member]
Schedule Of Commitments And Contingencies [Line Items]
Other Receivables	55
Wyndham [Member]
Schedule Of Commitments And Contingencies [Line Items]
Other Receivables	$ 33

Stockholders' Equity (Narrative) (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stockholders Equity [Line Items]
Other Comprehensive Income Unrealized Gain Loss On Cash Flow Hedges Arising During Period Net Of Tax	$ (4)	$ (4)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	2
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	1	1
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(3)	$ (3)
Stock Repurchase Program, Authorized Amount	$ 1,200
Stock Repurchased During Period, Shares	3.0	0.5
Stock Repurchased During Period, Value	$ 80	$ 31
Stock Repurchase Program, Remaining Authorized Repurchase Amount	360
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	1
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	$ 1

Stockholders' Equity (Accumulated Other Comprehensive Income) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Currency Translation Adjustments, Balance	$ (80)	$ 51
Net Unrealized Gains (Losses) on Cash Flow Hedges, Balance	(5)	(4)
Net Unrealized Gains on Available- For-Sale Securities, Balance	0	2
Currency Translation Adjustments, Balance	(65)	(74)
Accumulated Other Comprehensive Income, Balance	(147)	(22)
Currency Translation Adjustments, Current period change	72	(92)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(3)	(3)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	(1)	(1)
Accumulated Other Comprehensive Income, Current period change	70	(94)
Currency Translation Adjustments, Balance	(8)	(41)
Net Unrealized Gains (Losses) on Cash Flow Hedges, Balance	(2)	(1)
Net Unrealized Gains on Available- For-Sale Securities, Balance	0	2
Currency Translation Adjustments, Balance	(64)	(73)
Accumulated Other Comprehensive Income, Balance	(77)	(116)
Derivatives used in Net Investment Hedge, Net of Tax	54
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	72	(92)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(3)	(3)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Net of Tax	1	(1)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	68	(94)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0	0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	2
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	(1)	(1)
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax	0	0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax	$ 0	$ 2

Stockholders' Equity (Components Of Other Comprehensive Income) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Equity [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	$ 9	$ (24)
Net loss	(51)	(9)
Currency translation adjustments (net of tax of $(24) and $0, respectively)	72	(92)
Net unrealized gain (loss) on available-for-sale securities (net of tax of $0 and $0, respectively)	0	0
Net unrealized gain (loss) on cash flow hedges (net of tax of $2 and $0, respectively)	(3)	(3)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	1	1
Other comprehensive income (loss)	70	(94)
Total comprehensive income (loss)	19	(103)
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	0	0
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	2	2
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	$ 0	$ 0

Stock-Based Compensation (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 8	$ 5
Stock-based compensation expense (net of tax)	5	$ 3
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	143
Employee service share based compensation incremental tax benefit to be realized from exercise of stock awards	56
Cash Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 2

Stock-Based Compensation (Summary Of Share Based Payment Other Than Options Valuation Assumptions) (Detail)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility of stock price	46.00%	37.00%
Risk-free interest rate	0.99%	0.74%
Valuation period	3 years	P3Y0M0D
Dividend yield	0.00%	0.00%

Stock-Based Compensation (Stock Based Compensation Activity) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ 143
Number of Options, Balance	826		827
Options outstanding, intrinsic value	$ 20		$ 28
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 25	$ 23
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	3 years		3 years 3 months
Time-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Price, Balance	$ 43.34
Weighted Average Grant Price, Granted at fair market value	25.88	$ 61.17
Weighted Average Grant Price, Vested/exercised	34.96
Weighted Average Grant Price, Canceled	45.92
Weighted Average Grant Price, Balance	$ 36.48		$ 43.34
Number of RSUs, Balance	819
Number of RSUs, Granted at fair market value	579
Number of RSUs, Vested/exercised	(375)
Number of RSUs, Canceled	(6)
Number of RSUs, Balance	1,017		819
Performance-Based and Market-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Price, Balance	$ 35.18
Weighted Average Grant Price, Granted at fair market value	23.29	$ 55.51
Weighted Average Grant Price, Vested/exercised	25.12
Weighted Average Grant Price, Canceled	23.74
Weighted Average Grant Price, Balance	$ 34.23		$ 35.18
Number of RSUs, Balance	941
Number of RSUs, Granted at fair market value	523
Number of RSUs, Vested/exercised	(486)
Number of RSUs, Canceled	(39)
Number of RSUs, Balance	939		941
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding	$ 26
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	1 year 8 months
Cash Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Grant Price, Balance	$ 18.04
Weighted Average Grant Price, Granted at fair market value	0.00
Weighted Average Grant Price, Vested/exercised	18.04
Weighted Average Grant Price, Canceled	0.00
Weighted Average Grant Price, Balance	$ 0.00		$ 18.04
Number of RSUs, Balance	111
Number of RSUs, Granted at fair market value	0
Number of RSUs, Vested/exercised	(111)
Number of RSUs, Canceled	0
Number of RSUs, Balance	0		111
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding	$ 28
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 49

Stock-Based Compensation (Summary Of Share Based Compensation Shares Authorized Under Stock Option Plans By Exercise Price Range) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	826	827
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 2.87	$ 2.87
Weighted average contractual life	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 0.00
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	(1)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 0.79
Options outstanding, intrinsic value	$ 20	$ 28
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	3 years	3 years 3 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0.00

Financial Instruments (Schedule Of Carrying Amounts And Estimated Fair Values) (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Short-term debt and current portion of long-term debt	$ 327	$ 26
Long-term Debt, Excluding Current Maturities	3,511	3,435
Debt due to Avis Budget Rental Car Funding (AESOP) LLC—related party	7,623	6,796
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Debt Instrument [Line Items]
Short-term debt and current portion of long-term debt	327	26
Long-term Debt, Excluding Current Maturities	3,511	3,435
Vehicle-backed debt	2,235	2,060
Debt Under Vehicle Programs Interest Rate Swaps And Interest Rate Contracts	3	4
Estimate Of Fair Value, Fair Value Disclosure [Member]
Debt Instrument [Line Items]
Short-term debt and current portion of long-term debt	332	26
Long-term Debt, Excluding Current Maturities	3,505	3,478
Debt Due To Avis Budget Rental Car Funding Aesop Llc Related Party	7,675	6,836
Vehicle-backed debt	2,248	2,071
Debt Under Vehicle Programs Interest Rate Swaps And Interest Rate Contracts	$ 3	$ 4

Financial Instruments (Narrative) (Detail) gal in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($) gal	Mar. 31, 2015 USD ($)
Schedule of Cost-method Investments [Line Items]
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ 7
Derivative Instruments, Gain (Loss) Recognized in Income, Net	(29)	$ 69
Interest Rate Caps [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	8,674
Interest Rate Caps [Member] \| Interest Rate Caps Purchased [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	1,800
Interest Rate Caps [Member] \| Interest Rate Caps Purchased [Member] \| Subsidiary Issuers [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	5,100
Interest Rate Caps [Member] \| Interest Rate Caps Sold [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	6,900
Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	$ 1,850
Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Units Of Gasoline \| gal	14
Currency Swap [Member]
Schedule of Cost-method Investments [Line Items]
Absolute notional values of derivative instruments	$ 1,054
Not Designated As Hedging Instruments [Member] \| Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	(2)	0
Interest Expense [Member]
Schedule of Cost-method Investments [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	9	21
Operating Expense [Member]
Schedule of Cost-method Investments [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ 19	$ 14

Financial Instruments (Fair Values Of Derivatives Instruments) (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	$ 4	$ 18
Fair Value, Liability Derivatives	44	13
Designated As Hedging Instruments [Member] \| Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	0	1
Fair Value, Liability Derivatives	8	5
Not Designated As Hedging Instruments [Member] \| Foreign Exchange Contract [Member]
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	4	16
Fair Value, Liability Derivatives	32	2
Not Designated As Hedging Instruments [Member] \| Interest Rate Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	0	1
Fair Value, Liability Derivatives	3	5
Not Designated As Hedging Instruments [Member] \| Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Fair Value, Asset Derivatives	0	0
Fair Value, Liability Derivatives	$ 1	$ 1

Financial Instruments (Schedule Of Effect Of Derivatives Recognized) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Schedule of Cost-method Investments [Line Items]
Long-term Debt, Current Maturities	$ 327		$ 26
Derivatives not designated as hedging instruments	(29)	$ 69
Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items]
Derivative, Notional Amount	1,850
Designated As Hedging Instruments [Member] \| Interest Rate Swaps [Member]
Schedule of Cost-method Investments [Line Items]
Interest rate swaps	(3)	(3)
Designated As Hedging Instruments [Member] \| Foreign Exchange Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Interest rate swaps	(14)	37
Not Designated As Hedging Instruments [Member] \| Foreign Exchange Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Derivatives not designated as hedging instruments	(10)	35
Not Designated As Hedging Instruments [Member] \| Commodity Contracts [Member]
Schedule of Cost-method Investments [Line Items]
Derivatives not designated as hedging instruments	(2)	0
Operating Expense [Member]
Schedule of Cost-method Investments [Line Items]
Derivatives not designated as hedging instruments	$ 19	$ 14

Segment Information (Summary Of Segments Information) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenues	$ 1,881	$ 1,850
Adjusted EBITDA	44	117
Non-vehicle related depreciation and amortization	61	49
Interest expense related to corporate debt, net	50	52
Transaction-related costs, net	4	31
Restructuring expense	15	1
Income before income taxes	(86)	(16)
Americas
Segment Reporting Information [Line Items]
Revenues	1,364	1,375
Adjusted EBITDA	63	115
International
Segment Reporting Information [Line Items]
Revenues	517	475
Adjusted EBITDA	1	16
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Adjusted EBITDA	$ (20)	$ (14)

Segment Information (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenues	$ 1,881	$ 1,850
Adjusted EBITDA	44	117
Non Vehicle Related Depreciation And Amortization	61	49
Restructuring expense	15	1
Loss before income taxes	(86)	(16)
International
Segment Reporting Information [Line Items]
Revenues	517	475
Adjusted EBITDA	1	16
Americas
Segment Reporting Information [Line Items]
Revenues	1,364	1,375
Adjusted EBITDA	63	115
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Adjusted EBITDA	$ (20)	$ (14)

Guarantor And Non-Guarantor Consolidating Condensed Financial Statements (Consolidating Condensed Statements Of Comprehensive Income) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues
Vehicle rental	$ 1,328	$ 1,319
Other	553	531
Net revenues	1,881	1,850
Expenses
Operating	1,040	985
Vehicle depreciation and lease charges, net	463	432
Selling, general and administrative	269	248
Vehicle interest, net	65	68
Non-vehicle related depreciation and amortization	61	49
Interest expense related to corporate debt, net	50	52
Intercompany Interest Expense Income	0	0
Transaction-related costs, net	4	31
Total expenses	1,967	1,866
Interest expense related to corporate debt, net
Income before income taxes	(86)	(16)
Provision for (benefit from) income taxes	35	7
Equity in earnings (loss) of subsidiaries	0	0
Net loss	(51)	(9)
Comprehensive income (loss)	(19)	103
Restructuring Charges	15	1
Parent Company [Member]
Revenues
Vehicle rental	0	0
Other	0	0
Net revenues	0	0
Expenses
Operating	1	0
Vehicle depreciation and lease charges, net	0	0
Selling, general and administrative	10	8
Vehicle interest, net	0	0
Non-vehicle related depreciation and amortization	0	0
Interest expense related to corporate debt, net	0	0
Intercompany Interest Expense Income	(3)	(3)
Transaction-related costs, net	0	0
Total expenses	8	5
Interest expense related to corporate debt, net
Income before income taxes	(8)	(5)
Provision for (benefit from) income taxes	3	2
Equity in earnings (loss) of subsidiaries	(46)	(6)
Net loss	(51)	(9)
Comprehensive income (loss)	(19)	103
Restructuring Charges	0	0
Subsidiary Issuers [Member]
Revenues
Vehicle rental	0	0
Other	0	0
Net revenues	0	0
Expenses
Operating	10	4
Vehicle depreciation and lease charges, net	0	0
Selling, general and administrative	5	3
Vehicle interest, net	0	0
Non-vehicle related depreciation and amortization	1	0
Interest expense related to corporate debt, net	39	40
Intercompany Interest Expense Income	(3)	(2)
Transaction-related costs, net	1	6
Total expenses	53	51
Interest expense related to corporate debt, net
Income before income taxes	(53)	(51)
Provision for (benefit from) income taxes	21	20
Equity in earnings (loss) of subsidiaries	(14)	25
Net loss	(46)	(6)
Comprehensive income (loss)	(24)	100
Restructuring Charges	0	0
Guarantor Subsidiaries [Member]
Revenues
Vehicle rental	929	942
Other	271	267
Net revenues	1,200	1,209
Expenses
Operating	628	608
Vehicle depreciation and lease charges, net	461	436
Selling, general and administrative	149	140
Vehicle interest, net	45	49
Non-vehicle related depreciation and amortization	37	33
Interest expense related to corporate debt, net	1	1
Intercompany Interest Expense Income	6	0
Transaction-related costs, net	0	1
Total expenses	1,333	1,269
Interest expense related to corporate debt, net
Income before income taxes	(133)	(60)
Provision for (benefit from) income taxes	5	(8)
Equity in earnings (loss) of subsidiaries	114	93
Net loss	(14)	25
Comprehensive income (loss)	(58)	67
Restructuring Charges	6	1
Non-Guarantor Subsidiaries [Member]
Revenues
Vehicle rental	399	377
Other	794	753
Net revenues	1,193	1,130
Expenses
Operating	401	373
Vehicle depreciation and lease charges, net	467	431
Selling, general and administrative	105	97
Vehicle interest, net	67	73
Non-vehicle related depreciation and amortization	23	16
Interest expense related to corporate debt, net	10	11
Intercompany Interest Expense Income	0	5
Transaction-related costs, net	3	24
Total expenses	1,085	1,030
Interest expense related to corporate debt, net
Income before income taxes	108	100
Provision for (benefit from) income taxes	6	(7)
Equity in earnings (loss) of subsidiaries	0	0
Net loss	114	93
Comprehensive income (loss)	(185)	(1)
Restructuring Charges	9	0
Eliminations [Member]
Revenues
Vehicle rental	0	0
Other	(512)	(489)
Net revenues	(512)	(489)
Expenses
Operating	0	0
Vehicle depreciation and lease charges, net	(465)	(435)
Selling, general and administrative	0	0
Vehicle interest, net	(47)	(54)
Non-vehicle related depreciation and amortization	0	0
Interest expense related to corporate debt, net	0	0
Intercompany Interest Expense Income	0	0
Transaction-related costs, net	0	0
Total expenses	(512)	(489)
Interest expense related to corporate debt, net
Income before income taxes	0	0
Provision for (benefit from) income taxes	0	0
Equity in earnings (loss) of subsidiaries	(54)	(112)
Net loss	(54)	(112)
Comprehensive income (loss)	267	(166)
Restructuring Charges	$ 0	$ 0

Guarantor And Non-Guarantor Consolidating Condensed Financial Statements (Consolidating Condensed Balance Sheets) (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 876	$ 452	$ 854	$ 624
Receivables, net	662	668
Other current assets	644	507
Total current assets	2,182	1,627
Property and equipment, net	687	681
Deferred income taxes	1,556	1,488
Goodwill	1,006	973
Other intangibles, net	918	917
Other non-current assets	243	232
Intercompany receivables (payables)	0	0
Investment in subsidiaries	0	0
Total assets exclusive of assets under vehicle programs	6,592	5,918
Assets under vehicle programs:
Program cash	68	258
Vehicles, net	11,953	10,658
Receivables from vehicle manufacturers and other	334	438
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	361	362
Total Assets under vehicle programs	12,716	11,716
Total assets	19,308	17,634
Current liabilities:
Accounts payable and other current liabilities	1,574	1,485
Long-term Debt, Current Maturities	327	26
Total current liabilities	1,901	1,511
Long-term debt	3,511	3,435
Other non-current liabilities	764	734
Due to Related Parties, Noncurrent	0	0
Total liabilities exclusive of liabilities under vehicle programs	6,176	5,680
Liabilities under vehicle programs:
Debt	2,238	2,064
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	7,623	6,796
Deferred income taxes	2,410	2,367
Other	490	288
Total Liabilities under vehicle programs	12,761	11,515
Total stockholders' equity	371	439
Total liabilities and stockholders’ equity	19,308	17,634
Parent [Member]
Current assets:
Cash and cash equivalents	4	4	2	2
Receivables, net	0	0
Other current assets	3	2
Total current assets	7	6
Property and equipment, net	0	0
Deferred income taxes	20	20
Goodwill	0	0
Other intangibles, net	0	0
Other non-current assets	96	93
Intercompany receivables (payables)	162	160
Investment in subsidiaries	184	272
Total assets exclusive of assets under vehicle programs	469	551
Assets under vehicle programs:
Program cash	0	0
Vehicles, net	0	0
Receivables from vehicle manufacturers and other	0	0
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	0	0
Total Assets under vehicle programs	0	0
Total assets	469	551
Current liabilities:
Accounts payable and other current liabilities	8	24
Long-term Debt, Current Maturities	0	0
Total current liabilities	8	24
Long-term debt	0	0
Other non-current liabilities	90	88
Due to Related Parties, Noncurrent	0	0
Total liabilities exclusive of liabilities under vehicle programs	98	112
Liabilities under vehicle programs:
Debt	0	0
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	0	0
Deferred income taxes	0	0
Other	0	0
Total Liabilities under vehicle programs	0	0
Total stockholders' equity	371	439
Total liabilities and stockholders’ equity	469	551
Subsidiary Issuers [Member]
Current assets:
Cash and cash equivalents	351	70	552	210
Receivables, net	0	0
Other current assets	102	78
Total current assets	453	148
Property and equipment, net	140	134
Deferred income taxes	1,301	1,246
Goodwill	0	0
Other intangibles, net	29	30
Other non-current assets	13	15
Intercompany receivables (payables)	373	367
Investment in subsidiaries	3,481	3,426
Total assets exclusive of assets under vehicle programs	5,790	5,366
Assets under vehicle programs:
Program cash	0	0
Vehicles, net	19	18
Receivables from vehicle manufacturers and other	1	0
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	0	0
Total Assets under vehicle programs	20	18
Total assets	5,810	5,384
Current liabilities:
Accounts payable and other current liabilities	207	180
Long-term Debt, Current Maturities	315	14
Total current liabilities	522	194
Long-term debt	2,984	2,932
Other non-current liabilities	85	85
Due to Related Parties, Noncurrent	2,032	1,897
Total liabilities exclusive of liabilities under vehicle programs	5,623	5,108
Liabilities under vehicle programs:
Debt	3	4
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	0	0
Deferred income taxes	0	0
Other	0	0
Total Liabilities under vehicle programs	3	4
Total stockholders' equity	184	272
Total liabilities and stockholders’ equity	5,810	5,384
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Receivables, net	226	212
Other current assets	92	83
Total current assets	318	295
Property and equipment, net	346	345
Deferred income taxes	254	253
Goodwill	487	487
Other intangibles, net	519	525
Other non-current assets	21	17
Intercompany receivables (payables)	1,139	1,070
Investment in subsidiaries	3,732	3,680
Total assets exclusive of assets under vehicle programs	6,816	6,672
Assets under vehicle programs:
Program cash	0	0
Vehicles, net	76	78
Receivables from vehicle manufacturers and other	1	0
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	0	0
Total Assets under vehicle programs	77	78
Total assets	6,893	6,750
Current liabilities:
Accounts payable and other current liabilities	511	471
Long-term Debt, Current Maturities	4	5
Total current liabilities	515	476
Long-term debt	2	2
Other non-current liabilities	240	237
Due to Related Parties, Noncurrent	342	336
Total liabilities exclusive of liabilities under vehicle programs	1,099	1,051
Liabilities under vehicle programs:
Debt	72	74
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	0	0
Deferred income taxes	2,240	2,199
Other	1	0
Total Liabilities under vehicle programs	2,313	2,273
Total stockholders' equity	3,481	3,426
Total liabilities and stockholders’ equity	6,893	6,750
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	521	378	300	412
Receivables, net	436	456
Other current assets	447	344
Total current assets	1,404	1,178
Property and equipment, net	201	202
Deferred income taxes	0	0
Goodwill	519	486
Other intangibles, net	370	362
Other non-current assets	113	107
Intercompany receivables (payables)	733	696
Investment in subsidiaries	0	0
Total assets exclusive of assets under vehicle programs	3,340	3,031
Assets under vehicle programs:
Program cash	68	258
Vehicles, net	11,858	10,562
Receivables from vehicle manufacturers and other	332	438
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	361	362
Total Assets under vehicle programs	12,619	11,620
Total assets	15,959	14,651
Current liabilities:
Accounts payable and other current liabilities	848	810
Long-term Debt, Current Maturities	8	7
Total current liabilities	856	817
Long-term debt	525	501
Other non-current liabilities	368	355
Due to Related Parties, Noncurrent	33	60
Total liabilities exclusive of liabilities under vehicle programs	1,782	1,733
Liabilities under vehicle programs:
Debt	2,163	1,986
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	7,623	6,796
Deferred income taxes	170	168
Other	489	288
Total Liabilities under vehicle programs	10,445	9,238
Total stockholders' equity	3,732	3,680
Total liabilities and stockholders’ equity	15,959	14,651
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Receivables, net	0	0
Other current assets	0	0
Total current assets	0	0
Property and equipment, net	0	0
Deferred income taxes	(19)	(31)
Goodwill	0	0
Other intangibles, net	0	0
Other non-current assets	0	0
Intercompany receivables (payables)	(2,407)	(2,293)
Investment in subsidiaries	(7,397)	(7,378)
Total assets exclusive of assets under vehicle programs	(9,823)	(9,702)
Assets under vehicle programs:
Program cash	0	0
Vehicles, net	0	0
Receivables from vehicle manufacturers and other	0	0
Investment in Avis Budget Rental Car Funding (AESOP) LLC—related party	0	0
Total Assets under vehicle programs	0	0
Total assets	(9,823)	(9,702)
Current liabilities:
Accounts payable and other current liabilities	0	0
Long-term Debt, Current Maturities	0	0
Total current liabilities	0	0
Long-term debt	0	0
Other non-current liabilities	(19)	(31)
Due to Related Parties, Noncurrent	(2,407)	(2,293)
Total liabilities exclusive of liabilities under vehicle programs	(2,426)	(2,324)
Liabilities under vehicle programs:
Debt	0	0
Due to Avis Budget Rental Car Funding (AESOP) LLC-related party	0	0
Deferred income taxes	0	0
Other	0	0
Total Liabilities under vehicle programs	0	0
Total stockholders' equity	(7,397)	(7,378)
Total liabilities and stockholders’ equity	$ (9,823)	$ (9,702)

Guarantor And Non-Guarantor Consolidating Condensed Financial Statements (Consolidating Condensed Statements Of Cash Flows) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	$ 463	$ 503
Property and equipment additions	(40)	(41)
Proceeds received on asset sales	3	3
Payments to Acquire Restricted Investments	(1)	(36)
Other, net	0	0
Net cash used in investing activities exclusive of vehicle programs	(38)	(74)
Decrease (increase) in program cash	198	51
Investment in vehicles	(4,140)	(3,195)
Proceeds received on disposition of vehicles	2,776	2,444
Net cash used in investing activities of vehicle programs	(1,166)	(700)
Net cash used in investing activities	(1,204)	(774)
Proceeds from long-term borrowings	350	376
Principal payments on borrowings	(5)	(6)
Net change in short-term borrowings	1	(7)
Intercompany loan borrowings	0	0
Proceeds from (Repayments of) Related Party Debt	0	0
Repurchases of common stock	(86)	(33)
Debt financing fees	(5)	(6)
Other, net	0	0
Net cash provided by financing activities exclusive of vehicle programs	255	324
Proceeds from borrowings	4,694	3,667
Principal payments on borrowings	(3,796)	(3,458)
Debt financing fees	(6)	(6)
Net cash provided by financing activities of vehicle programs	892	203
Net cash provided by financing activities	1,147	527
Effect of changes in exchange rates on cash and cash equivalents	18	(26)
Net increase in cash and cash equivalents	424	230
Cash and cash equivalents, beginning of period	452	624
Cash and cash equivalents, end of period	876	854
Parent [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	0	0
Property and equipment additions	0	0
Proceeds received on asset sales	0	0
Payments to Acquire Restricted Investments	0	0
Other, net	86	33
Net cash used in investing activities exclusive of vehicle programs	86	33
Decrease (increase) in program cash	0	0
Investment in vehicles	0	0
Proceeds received on disposition of vehicles	0	0
Net cash used in investing activities of vehicle programs	0	0
Net cash used in investing activities	86	33
Proceeds from long-term borrowings	0	0
Principal payments on borrowings	0	0
Net change in short-term borrowings	0	0
Intercompany loan borrowings	0	0
Proceeds from (Repayments of) Related Party Debt	0	0
Repurchases of common stock	(86)	(33)
Debt financing fees	0	0
Other, net	0	0
Net cash provided by financing activities exclusive of vehicle programs	(86)	(33)
Proceeds from borrowings	0	0
Principal payments on borrowings	0	0
Debt financing fees	0	0
Net cash provided by financing activities of vehicle programs	0	0
Net cash provided by financing activities	(86)	(33)
Effect of changes in exchange rates on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	4	2
Cash and cash equivalents, end of period	4	2
Subsidiary Issuers [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	17	12
Property and equipment additions	(4)	(4)
Proceeds received on asset sales	2	1
Payments to Acquire Restricted Investments	0	0
Other, net	0	0
Net cash used in investing activities exclusive of vehicle programs	(2)	(3)
Decrease (increase) in program cash	0	0
Investment in vehicles	0	(3)
Proceeds received on disposition of vehicles	11	4
Net cash used in investing activities of vehicle programs	11	1
Net cash used in investing activities	9	(2)
Proceeds from long-term borrowings	350	375
Principal payments on borrowings	(4)	(4)
Net change in short-term borrowings	0	0
Intercompany loan borrowings	0	0
Proceeds from (Repayments of) Related Party Debt	0	0
Repurchases of common stock	0	0
Debt financing fees	(5)	(6)
Other, net	(86)	(33)
Net cash provided by financing activities exclusive of vehicle programs	255	332
Proceeds from borrowings	0	0
Principal payments on borrowings	0	0
Debt financing fees	0	0
Net cash provided by financing activities of vehicle programs	0	0
Net cash provided by financing activities	255	332
Effect of changes in exchange rates on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	281	342
Cash and cash equivalents, beginning of period	70	210
Cash and cash equivalents, end of period	351	552
Guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	(2)	45
Property and equipment additions	(21)	(19)
Proceeds received on asset sales	0	0
Payments to Acquire Restricted Investments	0	0
Other, net	0	1
Net cash used in investing activities exclusive of vehicle programs	6	(42)
Decrease (increase) in program cash	0	0
Investment in vehicles	(1)	0
Proceeds received on disposition of vehicles	0	0
Net cash used in investing activities of vehicle programs	(1)	0
Net cash used in investing activities	5	(42)
Proceeds from long-term borrowings	0	0
Principal payments on borrowings	(1)	(1)
Net change in short-term borrowings	0	0
Intercompany loan borrowings	0	0
Proceeds from (Repayments of) Related Party Debt	27	(24)
Repurchases of common stock	0	0
Debt financing fees	0	0
Other, net	0	0
Net cash provided by financing activities exclusive of vehicle programs	(1)	(1)
Proceeds from borrowings	0	0
Principal payments on borrowings	(2)	(2)
Debt financing fees	0	0
Net cash provided by financing activities of vehicle programs	(2)	(2)
Net cash provided by financing activities	(3)	(3)
Effect of changes in exchange rates on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Non-Guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	448	446
Property and equipment additions	(15)	(18)
Proceeds received on asset sales	1	2
Payments to Acquire Restricted Investments	(1)	(36)
Other, net	0	0
Net cash used in investing activities exclusive of vehicle programs	(15)	(52)
Decrease (increase) in program cash	198	51
Investment in vehicles	(4,139)	(3,192)
Proceeds received on disposition of vehicles	2,765	2,440
Net cash used in investing activities of vehicle programs	(1,176)	(701)
Net cash used in investing activities	(1,191)	(753)
Proceeds from long-term borrowings	0	1
Principal payments on borrowings		(1)
Net change in short-term borrowings	1	(7)
Intercompany loan borrowings	(27)	24
Proceeds from (Repayments of) Related Party Debt	0	0
Repurchases of common stock	0	0
Debt financing fees	0	0
Other, net	0	(1)
Net cash provided by financing activities exclusive of vehicle programs	(26)	16
Proceeds from borrowings	4,694	3,667
Principal payments on borrowings	(3,794)	(3,456)
Debt financing fees	(6)	(6)
Net cash provided by financing activities of vehicle programs	894	205
Net cash provided by financing activities	868	221
Effect of changes in exchange rates on cash and cash equivalents	18	(26)
Net increase in cash and cash equivalents	143	(112)
Cash and cash equivalents, beginning of period	378	412
Cash and cash equivalents, end of period	521	300
Eliminations [Member]
Supplemental Guarantor Financial Information [Line Items]
Net cash provided by (used in) operating activities	0	0
Property and equipment additions	0	0
Proceeds received on asset sales	0	0
Payments to Acquire Restricted Investments	0	0
Other, net	(86)	(34)
Net cash used in investing activities exclusive of vehicle programs	(113)	(10)
Decrease (increase) in program cash	0	0
Investment in vehicles	0	0
Proceeds received on disposition of vehicles	0	0
Net cash used in investing activities of vehicle programs	0	0
Net cash used in investing activities	(113)	(10)
Proceeds from long-term borrowings	0	0
Principal payments on borrowings	0	0
Net change in short-term borrowings	0	0
Intercompany loan borrowings	27	(24)
Proceeds from (Repayments of) Related Party Debt	(27)	24
Repurchases of common stock	0	0
Debt financing fees	0	0
Other, net	86	34
Net cash provided by financing activities exclusive of vehicle programs	113	10
Proceeds from borrowings	0	0
Principal payments on borrowings	0	0
Debt financing fees	0	0
Net cash provided by financing activities of vehicle programs	0	0
Net cash provided by financing activities	113	10
Effect of changes in exchange rates on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	$ 0	$ 0

Subsequent Events (Narrative) (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Mar. 31, 2016
Subsequent Event [Line Items]
Vehicle Program Debt Total Capacity		$ 12,971
Subsequent Event [Member]
Subsequent Event [Line Items]
Vehicle Program Debt Total Capacity	$ 1,400