Segment Information (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2013

Jun. 30, 2013

Segment Reporting [Abstract]

Summary Of Segments Information

				Three Months Ended June 30,
				2013					2012
				Revenues		Adjusted EBITDA			Revenues		Adjusted EBITDA
North America				$	1,292	$	114		$	1,184	$	184
International				608		53			579		59
Truck Rental				102		8			103		17
Corporate and Other (a)				—		(11		)	—		(6		)
	Total Company (b)			$	2,002	164			$	1,866	254
Less:		Non-vehicle related depreciation and amortization				37					29
		Interest expense related to corporate debt, net:
			Interest expense			55					69
			Early extinguishment of debt			91					23
		Transaction-related costs (c)				19					4
Income (loss) before income taxes						$	(38	)			$	129

__________

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

^(b) Adjusted EBITDA for the three months ended June 30, 2013 and 2012, includes $15 million and $12 million, respectively, of restructuring expense.

^(c) During the three months ended June 30, 2013, the Company incurred $19 million in transaction-related costs related to the integration of the operations of Avis Europe and costs related to the acquisition and integration of Zipcar. During the three months ended June 30, 2012, the Company incurred $4 million in transaction-related costs related to the integration of the operations of Avis Europe.

				Six Months Ended June 30,
				2013					2012
				Revenues		Adjusted EBITDA			Revenues		Adjusted EBITDA
North America				$	2,392	$	205		$	2,222	$	277
International				1,123		67			1,089		81
Truck Rental				178		(2		)	177		18
Corporate and Other (a)				—		(23		)	1		(10		)
	Total Company (b)			$	3,693	247			$	3,489	366
Less:		Non-vehicle related depreciation and amortization				71					62
		Interest expense related to corporate debt, net:
			Interest expense			114					142
			Early extinguishment of debt			131					50
		Transaction-related costs (c)				26					10
Income (loss) before income taxes						$	(95	)			$	102

__________

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

^(b)  Adjusted EBITDA for the six months ended June 30, 2013 and 2012, includes $25 million and $19 million, respectively, of restructuring expense.

^(c)  During the six months ended June 30, 2013, the Company incurred $26 million in transaction-related costs related to the integration of the operations of Avis Europe and costs related to the acquisition and integration of Zipcar. During the six months ended June 30, 2012, the Company incurred $10 million in transaction-related costs related to the integration of the operations of Avis Europe.