v3.25.2
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Components of Other Comprehensive Income (Loss)
The components of other comprehensive income (loss) were as follows: 
Three Months Ended 
June 30,
Six Months Ended
June 30,
2025202420252024
Net income (loss)$5 $15 $(499)$(98)
Less: Net income attributable to non-controlling interests1 1 2 2 
Net income (loss) attributable to Avis Budget Group, Inc.4 14 (501)(100)
Other comprehensive income (loss), net of tax
Currency translation adjustments, net of tax of $30, $(3), $44 and $(8), respectively (a)
71 7 84 (45)
Net unrealized gain (loss) on cash flow hedges, net of tax of $1, $1, $4 and $(1), respectively
(5)(3)(11)4 
Minimum pension liability adjustment, net of tax of $0, in each period
1 1 2 2 
67 5 75 (39)
Total comprehensive income (loss) attributable to Avis Budget Group, Inc.
$71 $19 $(426)$(139)
__________
(a)Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.
Schedule of Components of Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) were as follows: 
Currency
Translation
Adjustments
Net Unrealized
Gains (Losses)
on Cash Flow
Hedges (a)
Minimum
Pension
Liability
Adjustment (b)
Accumulated
Other
Comprehensive
Income (Loss)
Balance as of April 1, 2025
$(112)$25 $(115)$(202)
Other comprehensive income (loss) before reclassifications71 (1)— 70 
Gross (gains) losses reclassified(6)2 (4)
Tax on (gains) losses reclassified2 (1)1 
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax— (4)1 (3)
Net current-period other comprehensive income (loss)71 (5)1 67 
Balance as of June 30, 2025$(41)$20 $(114)$(135)
Balance as of April 1, 2024
$(55)$44 $(129)$(140)
Other comprehensive income (loss) before reclassifications7 3 — 10 
Gross (gains) losses reclassified(7)2 (5)
Tax on (gains) losses reclassified1 (1)— 
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax— (6)1 (5)
Net current-period other comprehensive income (loss)7 (3)1 5 
Balance as of June 30, 2024$(48)$41 $(128)$(135)

Currency
Translation
Adjustments
Net Unrealized
Gains (Losses)
on Cash Flow
Hedges (a)
Minimum
Pension
Liability
Adjustment (b)
Accumulated
Other
Comprehensive
Income (Loss)
Balance as of January 1, 2025$(125)$31 $(116)$(210)
Other comprehensive income (loss) before reclassifications84 (3)— 81 
Gross (gains) losses reclassified(11)3 (8)
Tax on (gains) losses reclassified3 (1)2 
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax— (8)2 (6)
Net current-period other comprehensive income (loss)84 (11)2 75 
Balance as of June 30, 2025$(41)$20 $(114)$(135)
Balance as of January 1, 2024$(3)$37 $(130)$(96)
Other comprehensive income (loss) before reclassifications(45)15 — (30)
Gross (gains) losses reclassified(14)3 (11)
Tax on (gains) losses reclassified3 (1)2 
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax— (11)2 (9)
Net current-period other comprehensive income (loss)(45)4 2 (39)
Balance as of June 30, 2024$(48)$41 $(128)$(135)
__________
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 $21 million gain, net of tax, as of June 30, 2025 related to our hedge of our investment in euro-denominated foreign operations (see Note 16 – Financial Instruments).
(a)Amounts reclassified to interest expense.
(b)Amounts reclassified to selling, general and administrative expenses.