What was the total accumulated other comprehensive income (loss) for Budget as of December 31, 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
nflation Reduction Act of 2022). As of December 31, 2024, approximately $757 million of authorization remained available to repurchase common stock under the Stock Repurchase Program.
Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) were as follows:
| The components of accumulated other comprehensive mounts (1995) was as follows: | Currency Translation Adjustments | Net Unrealized Gains (Losses) on Cash Flow Hedges (e) | Minimum Pension Liability Adjustment (b) | Accumulated Other Comprehensive Income (Loss) |
|---|---|---|---|---|
| Balance, January 1, 2022 | 16 | $ (19) | $ (130) | $ (133) |
| Other comprehensive income (loss) before reclassifications | (46) | 57 | 11 | 22 |
| Gross (gains) losses reclassified | 9 | 5 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the total accumulated other comprehensive income (loss) as of December 31, 2022, was a loss of $101. This figure represents the cumulative amount of other comprehensive income (loss) items that have not yet been realized through net income.
Specifically, the components contributing to this accumulated other comprehensive loss include currency translation adjustments, net unrealized gains (losses) on cash flow hedges, and minimum pension liability adjustments. The currency translation adjustments had a balance of $(30), the net unrealized gains (losses) on cash flow hedges amounted to $45, and the minimum pension liability adjustment was $(116). These individual components, when combined, result in the total accumulated other comprehensive loss of $(101).
For a prospective Budget franchisee, understanding these figures is crucial as they reflect the overall financial health and stability of the company. Accumulated other comprehensive income (loss) provides a more complete picture of Budget's financial performance beyond just net income, incorporating items that can impact the company's long-term financial position. Monitoring these figures can help franchisees assess the potential risks and opportunities associated with investing in a Budget franchise.