Segment Information (Tables)

3 Months Ended

Mar. 31, 2013



	Three Months Ended March 31,
	2013					2012
	Revenues		Adjusted EBITDA			Revenues		Adjusted EBITDA
North America	$	1,100	$	90		$	1,038	$	93
International	515		14			510		22
Truck Rental	76		(9		)	75		1
Corporate and Other ^(a)	—		(12		)	—		(4		)
Total Company ^(b)	$	1,691	83			$	1,623	112

Less: Non-vehicle related depreciation and amortization			34					32
Interest expense related to corporate debt, net:
Interest expense			58					73
Early extinguishment of debt			40					27
Transaction-related costs ^(c)			8					6
Loss before income taxes			$	(57	)			$	(26	)

__________


^(a)	Includes unallocated corporate overhead and the elimination of transactions between segments.


^(b)	Adjusted EBITDA for the three months ended March 31, 2013 and 2012, includes $10 million and $7 million, respectively, of restructuring expense.

^(c)

During the three months ended March 31, 2013, the Company incurred $8 million in transaction-related costs related to our acquisition of Zipcar and expenses related to the integration of the operations of Avis Europe with the Company’s. During the three months ended March 31, 2012, the Company incurred $6 million in transaction-related costs related to the integration of the operations of Avis Europe.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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