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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Revenues $ 2,998 $ 3,039 $ 5,528 $ 5,469
Expenses        
Operating 1,526 1,526 2,948 2,879
Vehicle depreciation and lease charges, net 583 636 1,247 1,691
Selling, general and administrative 385 396 726 704
Vehicle interest, net 232 229 461 439
Non-vehicle related depreciation and amortization 60 60 118 116
Interest expense related to corporate debt, net:        
Interest expense 108 110 217 207
Early extinguishment of debt costs 3 3 3 3
Restructuring and other related charges 18 59 53 81
Transaction-related costs, net 9 0 15 0
Other (income) expense, net 1 5 7 11
Total expenses 2,925 3,024 5,795 6,131
Income (loss) before income taxes 73 15 (267) (662)
Provision for (benefit from) income taxes 10 10 (96) (163)
Net income (loss) 63 5 (171) (499)
Less: Net income attributable to non-controlling interests 28 1 77 2
Net income (loss) attributable to Avis Budget Group, Inc. 35 4 (248) (501)
Comprehensive income (loss) attributable to Avis Budget Group, Inc. $ 22 $ 71 $ (259) $ (426)
Earnings (loss) per share        
Basic (in usd per share) $ 1.00 $ 0.10 $ (7.01) $ (14.24)
Diluted (in usd per share) $ 0.98 $ 0.10 $ (7.01) $ (14.24)