CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended	9 Months Ended
Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Worldwide car rental	$ 2,426	$ 2,563	$ 6,552	$ 6,907
Worldwide equipment rental	401	413	1,131	1,155
All other operations	149	145	439	425
Total revenues	2,976	3,121	8,122	8,487
Expenses:
Direct operating	1,564	1,702	4,475	4,738
Depreciation of revenue earning equipment and lease charges, net	717	746	2,102	2,180
Selling, general and administrative	259	303	821	844
Interest expense, net	157	163	464	479
Other (income) expense, net	(29)	3	(34)	(22)
Total expenses	2,668	2,917	7,828	8,219
Income (loss) before income taxes	308	204	294	268
(Provision) benefit for taxes on income (loss)	(70)	(54)	(89)	(112)
Net income (loss)	$ 238	$ 150	$ 205	$ 156

Total costs of sales, operating expenses, Interest and other expense for the period.

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Revenues from all company-operated car rental operations, including charges to customers for the reimbursement of costs incurred relating to airport concession fees and vehicle license fees, the fueling of vehicles and the sale of loss or collision damage waivers, liability insurance coverage and other products.

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The aggregate direct operating costs incurred during the reporting period.

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Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.

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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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