Avis 2014 Annual Report Download - page 90
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F-23
9. Other Current Assets
Other current assets consisted of:
As of December 31,
2014 2013
Prepaid expenses $ 192 $ 187
Sales and use taxes 125 132
Other 139 136
Other current assets $ 456 $ 455
10. Property and Equipment, net
Property and equipment, net consisted of:
As of December 31,
2014 2013
Land $51$56
Buildings and leasehold improvements 565 549
Capitalized software 485 494
Furniture, fixtures and equipment 392 374
Projects in process 82 64
Buses and support vehicles 78 74
1,653 1,611
Less: Accumulated depreciation and amortization (1,015) (997)
Property and equipment, net $ 638 $ 614
Depreciation and amortization expense relating to property and equipment during 2014, 2013 and 2012 was
$144 million, $124 million and $104 million, respectively (including $46 million, $36 million and $30 million,
respectively, of amortization expense relating to capitalized software).
11. Accounts Payable and Other Current Liabilities
Accounts payable and other current liabilities consisted of:
As of December 31,
2014 2013
Accounts payable $ 328 $ 344
Accrued payroll and related 229 210
Accrued sales and use taxes 194 193
Public liability and property damage insurance liabilities – current 121 136
Deferred revenue – current 89 87
Other 530 509
Accounts payable and other current liabilities $ 1,491 $ 1,479