Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Financial Instruments

Summary of financial assets and liabilities measured at fair value on a recurring basis

The following table summarizes the estimated fair value of the Company's financial instruments:

	Fair Value of Financial Instruments
	Asset Derivatives(a)				Liability Derivatives(a)
	Years Ended December 31,				Years Ended December 31,
(In millions)	2014		2013		2014		2013
Gasoline swaps	$	—	$	2	$	—	$	—
Interest rate caps	25		9		25		9
Foreign currency forward contracts	6		2		2		5
Total	$	31	$	13	$	27	$	14

(a)    All asset derivatives are recorded in "Prepaid expenses and other assets" and all liability derivatives are recorded in "Accrued liabilities" on the Company's consolidated balance sheets.

Schedule of gain (loss) on derivative instruments not designated as hedges recognized in income

The following table summarizes the gains and (losses) on financial instruments for the period indicated:

	Location of Gain or (Loss) Recognized on Derivatives	Amount of Gain or (Loss) Recognized in Income on Derivatives
		Years Ended December 31,
(In millions)		2014			2013
Gasoline swaps	Direct operating	$	—		$	2
Interest rate caps	Selling, general and administrative	(2		)	(1		)
Foreign currency forward contracts	Selling, general and administrative	(1		)	(22		)
Total		$	(3	)	$	(21	)

Offsetting Assets

The impact of offsetting derivative instruments is depicted below as of December 31, 2014:

							Gross amounts not offset in Balance Sheet
Prepaid Expenses and Other Assets: (In millions)	Gross assets		Gross assets offset in Balance Sheet		Net recognized assets in Balance Sheet		Financial Instruments			Cash Collateral		Net Amount
Interest rate caps	$	25	$	—	$	25	$	—		$	—	$	25
Foreign currency forward contracts	6		—		6		(3		)	—		3
Total	$	31	$	—	$	31	$	(3	)	$	—	$	28

The impact of offsetting derivative instruments is depicted below as of December 31, 2013:

							Gross amounts not offset in Balance Sheet
Prepaid Expenses and Other Assets: (In millions)	Gross assets		Gross assets offset in Balance Sheet		Net recognized assets in Balance Sheet		Financial Instruments			Cash Collateral		Net Amount
Gasoline swaps	$	2	$	—	$	2	$	—		$	—	$	2
Interest rate caps	9		—		9		—			—		9
Foreign currency forward contracts	2		—		2		(2		)	—		—
Total	$	13	$	—	$	13	$	(2	)	$	—	$	11

Offsetting Liabilities

							Gross amounts not offset in Balance Sheet
Accrued Liabilities: (In millions)	Gross liabilities		Gross liabilities offset in Balance Sheet		Net recognized liabilities in Balance Sheet		Financial Instruments			Cash Collateral		Net Amount
Interest rate caps	$	25	$	—	$	25	$	(1	)	$	—	$	24
Foreign currency forward contracts	2		—		2		(2		)	—		—
Total	$	27	$	—	$	27	$	(3	)	$	—	$	24

							Gross amounts not offset in Balance Sheet
Accrued Liabilities: (In millions)	Gross liabilities		Gross liabilities offset in Balance Sheet		Net recognized liabilities in Balance Sheet		Financial Instruments			Cash Collateral		Net Amount
Interest rate caps	$	9	$	—	$	9	$	—		$	—	$	9
Foreign currency forward contracts	5		—		5		(2		)	—		3
Total	$	14	$	—	$	14	$	(2	)	$	—	$	12