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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Summary of contribution of reportable segments to revenues and adjusted pre-tax income (loss) and the reconciliation to consolidated amounts
Revenues and adjusted pre-tax income (loss) by segment and the reconciliation to consolidated amounts are summarized below.
 
Three Months Ended June 30,
 
Revenues
 
Adjusted Pre-Tax Income (Loss)
(In millions)
2015
 
2014
 
2015
 
2014
U.S. Car Rental
$
1,615

 
$
1,663

 
$
174

 
$
184

International Car Rental
556

 
641

 
45

 
57

Worldwide Equipment Rental
375

 
384

 
42

 
67

All Other Operations
146

 
142

 
17

 
15

Total reportable segments
$
2,692

 
$
2,830

 
278

 
323

Corporate (1)
 
 
 
 
(125
)
 
(106
)
Consolidated adjusted pre-tax income (loss)
 
 
 
 
153

 
217

Adjustments:
 
 
 
 
 
 
 
Acquisition accounting (2)
 
 
 
 
(32
)
 
(33
)
Debt-related charges (3)
 
 
 
 
(16
)
 
(12
)
Restructuring and restructuring related charges (4)
 
 
 
 
(47
)
 
(31
)
Acquisition related costs and charges (5)
 
 
 
 
(1
)
 
(2
)
Equipment rental spin-off costs (6)
 
 
 
 
(8
)
 
(12
)
Impairment charges and asset write-downs(7)
 
 
 
 
—

 
(10
)
Integration expenses(8)
 
 
 
 
(3
)
 
(3
)
Relocation costs(9)
 
 
 
 
(1
)
 
(3
)
Other(10)
 
 
 
 
5

 
12

Income (loss) before income taxes
 
 
 
 
$
50

 
$
123


 
Six Months Ended June 30,
 
Revenues
 
Adjusted Pre-Tax Income (Loss)
(In millions)
2015
 
2014
 
2015
 
2014
U.S. Car Rental
$
3,135

 
$
3,220

 
$
244

 
$
306

International Car Rental
992

 
1,123

 
52

 
16

Worldwide Equipment Rental
730

 
743

 
76

 
121

All Other Operations
288

 
280

 
31

 
29

Total reportable segments
$
5,145

 
$
5,366

 
403

 
472

Corporate (1)
 
 
 
 
(245
)
 
(229
)
Consolidated adjusted pre-tax income (loss)
 
 
 
 
158

 
243

Adjustments:
 
 
 
 
 
 
 
Acquisition accounting(2)
 
 
 
 
(63
)
 
(65
)
Debt-related charges(3)
 
 
 
 
(32
)
 
(23
)
Restructuring and restructuring related charges(4)
 
 
 
 
(67
)
 
(72
)
Acquisition related costs and charges(5)
 
 
 
 
—

 
(8
)
Equipment rental spin-off costs(6)
 
 
 
 
(17
)
 
(12
)
Impairment charges and asset write-downs(7)
 
 
 
 
(9
)
 
(10
)
Integration Expenses(8)
 
 
 
 
(3
)
 
(6
)
Relocation costs(9)
 
 
 
 
(4
)
 
(5
)
Other(10)
 
 
 
 
2

 
22

Income (loss) before income taxes
 
 
 
 
$
(35
)
 
$
64


(1)
Represents general corporate expenses, certain interest expense (including net interest on corporate debt), as well as other business activities.
(2)
Represents the increase in amortization of other intangible assets, depreciation of property and other equipment and accretion of revalued liabilities relating to acquisition accounting.
(3)
Represents debt-related charges relating to the amortization of deferred debt financing costs and debt discounts and premiums.
(4)
Represents expenses incurred under restructuring actions as defined in U.S. GAAP - for further information on restructuring costs, see Note 8, "Restructuring." Also represents incremental costs incurred directly supporting business transformation initiatives. Such costs include transition costs incurred in connection with business process outsourcing arrangements and incremental costs incurred to facilitate business process re-engineering initiatives that involve significant organization redesign and extensive operational process changes and consulting costs and legal fees related to the accounting review and investigation. The three and six months ended June 30, 2015 also include costs associated with the separation of certain executives.
(5)
Represents costs related to acquisitions and strategic initiatives.
(6)
Represents expenses associated with the anticipated HERC spin-off transaction announced in March 2014.
(7)
For six months ended June 30, 2015, represents impairment of the former Dollar Thrifty headquarters and the impairment of a corporate asset recognized in the first quarter 2015. For the three and six months ended June 30, 2014, represents the write-off of assets associated with a terminated business relationship.
(8)
Primarily represents Dollar Thrifty integration related expenses.
(9)
Represents non-recurring costs incurred in connection with the relocation of the Company's corporate headquarters to Estero, Florida that were not included in restructuring expenses. Such expenses primarily include duplicate facility rent, certain moving expenses, and other costs that are direct and incremental due to the relocation.
(10)
Includes miscellaneous non-recurring or non-cash items. In the three and six months ended June 30, 2014, primarily represents a $19 million litigation settlement received in relation to a class action lawsuit filed against an original equipment manufacturer stemming from recalls of their vehicles in previous years.


Depreciation of revenue earning equipment and lease charges, net
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(In millions)
2015
 
2014
 
2015
 
2014
U.S. car rental
$
398

 
$
391

 
$
819

 
$
815

International car rental
101

 
124

 
196

 
238

Worldwide equipment rental
81

 
79

 
157

 
157

All other operations
116

 
114

 
$
231

 
224

Total
$
696

 
$
708

 
$
1,403

 
$
1,434



Total assets
(In millions)
June 30, 2015
 
December 31, 2014
U.S. Car Rental
$
14,916

 
$
13,712

International Car Rental
4,201

 
3,358

Worldwide Equipment Rental
3,939

 
3,836

All Other Operations
1,534

 
1,458

Corporate
1,481

 
1,716

Total
$
26,071

 
$
24,080