v3.25.3
Stockholders' Equity (Tables)
 9 Months Ended
Sep. 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 
September 30,
Nine Months Ended
September 30,
2025202420252024
Net income (loss)$360 $238 $(139)$140 
Less: Net income attributable to non-controlling interests1 1 3 3 
Net income (loss) attributable to Avis Budget Group, Inc.359 237 (142)137 
Other comprehensive income (loss), net of tax
Currency translation adjustments, net of tax of $(1), $13, $43 and $5, respectively (a)
(16)38 68 (7)
Net unrealized gain (loss) on cash flow hedges, net of tax of $1, $5, $5 and $4, respectively
(3)(16)(14)(12)
Minimum pension liability adjustment, net of tax of $(1), $(1), $(1) and $(1), respectively
1 1 3 3 
(18)23 57 (16)
Total comprehensive income (loss) attributable to Avis Budget Group, Inc.
$341 $260 $(85)$121 
__________
(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 July 1, 2025
$(41)$20 $(114)$(135)
Other comprehensive income (loss) before reclassifications(16)1 — (15)
Gross (gains) losses reclassified(5)1 (4)
Tax on (gains) losses reclassified1 — 1 
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax— (4)1 (3)
Net current-period other comprehensive income (loss)(16)(3)1 (18)
Balance as of September 30, 2025$(57)$17 $(113)$(153)
Balance as of July 1, 2024
$(48)$41 $(128)$(135)
Other comprehensive income (loss) before reclassifications38 (11)— 27 
Gross (gains) losses reclassified(8)1 (7)
Tax on (gains) losses reclassified3 — 3 
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax— (5)1 (4)
Net current-period other comprehensive income (loss)38 (16)1 23 
Balance as of September 30, 2024$(10)$25 $(127)$(112)

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 reclassifications68 (2)— 66 
Gross (gains) losses reclassified(16)4 (12)
Tax on (gains) losses reclassified4 (1)3 
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax— (12)3 (9)
Net current-period other comprehensive income (loss)68 (14)3 57 
Balance as of September 30, 2025$(57)$17 $(113)$(153)
Balance as of January 1, 2024$(3)$37 $(130)$(96)
Other comprehensive income (loss) before reclassifications(7)4 — (3)
Gross (gains) losses reclassified(22)4 (18)
Tax on (gains) losses reclassified6 (1)5 
(Gains) losses reclassified from accumulated other comprehensive income (loss), net of tax— (16)3 (13)
Net current-period other comprehensive income (loss)(7)(12)3 (16)
Balance as of September 30, 2024$(10)$25 $(127)$(112)
__________
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 $25 million gain, net of tax, as of September 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.