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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Worldwide vehicle rental $ 2,390 $ 2,426 $ 6,353 $ 6,552
All other operations 152 149 441 439
Total revenues 2,542 2,575 6,794 6,991
Expenses:        
Direct vehicle and operating 1,353 1,345 3,778 3,838
Depreciation of revenue earning vehicles and lease charges, net 695 631 1,940 1,859
Selling, general and administrative 227 218 685 692
Interest expense, net: Vehicle 72 65 211 189
Interest expense, net: Non-vehicle 84 88 269 258
Total interest expense, net 156 153 480 447
Other (income) expense, net 3 (28) (86) (30)
Total expenses 2,434 2,319 6,797 6,806
Income (loss) from continuing operations before income taxes 108 256 (3) 185
(Provision) benefit for taxes on income (loss) of continuing operations (64) (39) (33) (33)
Net income (loss) from continuing operations 44 217 (36) 152
Net income (loss) from discontinued operations (2) 21 (13) 53
Net income (loss) $ 42 $ 238 $ (49) $ 205