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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Summary of contribution of reportable segments to revenues and adjusted pre-tax income (loss) and the reconciliation to consolidated amounts
 
Three Months Ended September 30,
 
Revenues
 
Adjusted Pre-Tax Income
(Loss)
 
2012
 
2011
 
2012
 
2011
Car rental
$
2,152.6

 
$
2,109.1

 
$
428.7

 
$
375.3

Equipment rental
363.0

 
321.7

 
76.2

 
55.9

Total reportable segments
2,515.6

 
2,430.8

 
504.9

 
431.2

Other
0.6

 
1.5

 
 

 
 

Total
$
2,516.2

 
$
2,432.3

 
 

 
 

Adjustments:
 
 
 
 
 
 
 
Other reconciling items(1)
 

 
 

 
(73.8
)
 
(77.9
)
Purchase accounting(2)
 

 
 

 
(23.9
)
 
(19.1
)
Non-cash debt charges(3)
 

 
 

 
(13.6
)
 
(14.8
)
Restructuring charges
 

 
 

 
(1.5
)
 
(1.9
)
Restructuring related charges(4)
 

 
 

 
(2.0
)
 
(3.2
)
Derivative gains(5)
 

 
 

 
0.1

 
0.1

Management transition costs
 

 
 

 
—

 
(1.5
)
Acquisition related costs
 

 
 

 
(8.1
)
 
(4.6
)
Income before income taxes
 

 
 

 
$
382.1

 
$
308.3


 
Nine Months Ended September 30,
 
Revenues
 
Adjusted Pre-Tax Income
(Loss)
 
2012
 
2011
 
2012
 
2011
Car rental
$
5,700.4

 
$
5,388.3

 
$
797.8

 
$
678.8

Equipment rental
1,000.1

 
891.6

 
144.6

 
99.5

Total reportable segments
6,700.5

 
6,279.9

 
942.4

 
778.3

Other
1.8

 
4.7

 
 

 
 

Total
$
6,702.3

 
$
6,284.6

 
 

 
 

Adjustments:
 
 
 
 
 
 
 
Other reconciling items(1)
 

 
 

 
(235.6
)
 
(244.1
)
Purchase accounting(2)
 

 
 

 
(76.9
)
 
(62.2
)
Non-cash debt charges(3)
 

 
 

 
(46.1
)
 
(89.9
)
Restructuring charges
 

 
 

 
(27.0
)
 
(40.4
)
Restructuring related charges(4)
 

 
 

 
(7.6
)
 
(6.4
)
Derivative gains(5)
 
 
 
 
0.1

 
0.1

Acquisition related costs
 

 
 

 
(19.6
)
 
(13.6
)
Management transition costs
 

 
 

 
—

 
(4.0
)
Pension adjustment(6)
 

 
 

 
—

 
13.1

Premiums paid on debt(7)
 

 
 

 
—

 
(62.4
)
Income before income taxes
 

 
 

 
$
529.7

 
$
268.5

_______________________________________________________________________________
(1)
Represents general corporate expenses, certain interest expense (including net interest on corporate debt), as well as other business activities.
(2)
Represents the purchase accounting effects of the Acquisition on our results of operations relating to increased depreciation and amortization of tangible and intangible assets and accretion of revalued workers' compensation and public liability and property damage liabilities. Also represents the purchase accounting effects of subsequent acquisitions on our results of operations relating to increased depreciation and amortization of tangible and intangible assets.
(3)
Represents non-cash debt charges relating to the amortization and write-off of deferred debt financing costs and debt discounts.
(4)
Represents incremental costs incurred directly supporting our business transformation initiatives. Such costs include transition costs incurred in connection with our 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.
(5)
Represents the mark-to-market adjustment on our interest rate cap.
(6)
Represents a gain for the U.K. pension plan relating to unamortized prior service cost from a 2010 amendment that eliminated discretionary pension increases related to pre-1997 service primarily pertaining to inactive employees.
(7)
Represents premiums paid to redeem our 10.5% Senior Subordinated Notes and a portion of our 8.875% Senior Notes.